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Property profile & analytics
OFF-MARKET
Turn key restaurants

802 Coats Ave Linden, AL 36748-1604

2,778 SF 0.27 ac lot Built 1900
Individually Owned Absentee Owner Free & Clear
Property ID
US03-1751305
Property summary
AI-generated overview

This exceptional commercial property at 802 E Coats Ave, Linden, Alabama, presents a unique investment opportunity at an asking price of $85,000. Built in 1953, this single-story building offers a versatile space previously utilized as a restaurant. The property boasts a convenient location, less than a mile from the new Highway 43 bypass and the Marengo County courthouse, ensuring high visibility and accessibility. The interior layout includes a dining area, kitchen, office space, a counter and order pick-up area, ample storage, and two restrooms. A potential pick-up window adds further operational flexibility. The kitchen area is equipped with a functional fire suppression system. The property also features abundant parking, enhancing its appeal to potential tenants or business owners. The lot size is 0.28 square feet. While the exact square footage of the building is not currently available, the property's versatile layout and prime location make it an attractive prospect for a variety of commercial uses, including restaurant, office, or retail. This is a rare opportunity to acquire a well-situated commercial building in a growing area of Linden, Alabama.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Total area 2,778 SF
Lot 0.27 ac (11,761 SF)
APN 1802042002002000
UPID US03-1751305
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
JONATHAN P LUCAS
JONATHAN P LUCAS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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