111 W Ridgeley St - Storefront FOR SALE


Atmore, AL 36502
$315,000 USD
251-359-6523
111 W Ridgeley St, Atmore, AL for Sale
$315,000 USD
Storefront - FOR SALE
1/27
null | 1.71% Cap Rate

111 W Ridgeley St
Atmore, AL 36502


HIGHLIGHTS

  • Heavy Traffic, Trendy Street

OVERVIEW

Atmore, AL - Versatile 4800+ sqft Retail Space/Shop in UPTRENDING AREA downtown with RENTAL INCOME! You won't want to miss out on an opportunity like this! Seize this exceptional chance to own a versatile 4,800+ sqft retail space located on the highly sought-after Ridgeley Street in the heart of Atmore's vibrant Downtown Business District. This property is perfectly positioned to benefit from the area's rich history and the city's ongoing economic growth initiatives. Key Features: Strategic Location: Nestled in Historic Downtown Atmore, this property enjoys substantial foot traffic and is surrounded by a variety of thriving businesses, enhancing its appeal to potential customers. There are about 10 businesses and the local chamber of commerce in a 100ft radius of this property. Spacious Interior: The retail space is 3848 sqft, and the rented woodshop is in the back. Retail space has 1 private office and 2 bathrooms. The expansive open floor plan accommodates diverse business ventures, including restaurants, retail shops, or entertainment venues. The interior features paneled walls, vinyl flooring, and fluorescent lighting, with complete heating and cooling systems in place. Recent Upgrades: A newly installed roof and updated flooring ensure the property is well-maintained and ready for immediate use. Additional Income: A rear 988 sqft rental unit generates an annual income of $6,600, providing a steady revenue stream to support your investment. This space has a separate entrance. Zoning: Situated within the DBD-Downtown Business District, the property is zoned for uses that contribute to a lively commercial and retail environment suitable for restaurants and family friendly entertainment [see zoning in documents]. Check with the local zoning authorities to for all zoning/permitting inquiries and verify all zoning information. Economic Highlights: Atmore is experiencing significant economic development, attracting new businesses and residents alike. The city's proactive approach includes expanding the 150-acre Industrial Park and enhancing the Rivercane development, fostering a business-friendly environment [ATMORE AREA CHAMBER OF COMMERCE]. Additionally, local organizations such as Main Street Atmore are dedicated to revitalizing downtown, focusing on beautification and community pride initiatives that enhance the area's appeal [SMART GROWTH AMERICA]. Don't Miss Out! This property offers a unique blend of historic charm and modern amenities in a flourishing downtown setting. Call today to see for yourself the potential this space holds for your business endeavors. LoopNet ID: 27670248

FOR SALE DETAILS

PRICE

$315,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

1.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

26-09-29-2-009-005.000

ASK ABOUT THIS PROPERTY

Malcolm Bub GideonsPHD RealtyMore Info
251-359-6523

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Malcolm Bub GideonsPHD RealtyMore Info
251-359-6523

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.