Property in Alabama

Address: 36117

Approximate value $: 250,000

6000 +/- Sqft building
Opportunity Zone
Zoned commercial, residential, or live-work
Building leased until recently and in usable condition.

Recent comps sold for $250,000 in comparable condition, with the neighboring building selling from $300,000 to $2,000,000.

Building features 20+ rooms, with several being large enough for conference rooms. Men and women's restrooms and private restroom in the live-work suite.

Building is depreciated to $200,000, as it needs some work. Will complete all basic repairs and list for $240,000 once our other projects are completed, but would be willing to trade for lower trade value until that point for the right offer. 10-15 car parking lot and small rear yard behind lot. Would make an excellent office, live-work, or B&B. Would work as a home as well with renovations but would be a 14bed/3bath isn't ideal. Renovated comparable B&B listed for $400K in same market. Offices half this size list for $200K+ in the same market. $180k for 1,200 sqft and $275k for 3,400 sqft

In exchange for Property in Any state

Approximate value $ : 200000

Willing to have licensed workers complete additional work for the right trade.
Willing to trade +/- cash for the right trade.

Raw land, small homes, and property in need or repairs preferred, but all non-california offers are welcome.

ID: 27253, Submitted: 01/03/2021 19:51:00, Updated: 01/04/2021 05:17:09, Visitors: 305