Minutes from Lake Martin | 121 N Tallassee St
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Minutes from Lake Martin 121 N Tallassee St
1,950 SF 100% Leased Retail Building Dadeville, AL 36853 $320,000 ($164/SF)
Investment Highlights
- Historic Bank featuring original walk-in vault, original 1890s Wainscoting.
- Private Fenced Patio.
- Located in historic district on town square, excellent location.
- Two units with separate entrances and utilities.
- Metal Roof in Excellent Condition.
- Zoned to allow upstairs conversion to living loft if desired, so could become live/work space.
Executive Summary
Rare opportunity to own a mixed-use building on the downtown square in the Dadeville Historic District, just minutes from Lake Martin. Building is being used at this time only for private events, so does not have tenants. This building has been rezoned to allow the upstairs to be converted into a living loft, if desired, which offers wide opportunities for BnB, as well as residential tenants in a mixed use commercial building. Downstairs unit features new wood laminate floors in the main room with two restored fireplace openings and period wood mantles(not functioning), large arched windows with new blinds, a back room, private outdoor patio with new 8' wood privacy fencing, powder room and a kitchenette. The upstairs unit has a powder room, and features hardwood floors, 5 arched windows overlooking the courthouse square.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,950 SF
Building Class
B
Year Built/Renovated
1894/2000
Price
$320,000
Price Per SF
$164
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.05
Lot Size
0.92 AC
Zoning
MU - Recently rezoned as "mixed" use which includes retail/office on the 1st floor and retail/office/residential on the 2nd floor.
Parking
17 Spaces (8.72 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 16-02-04-3-303-007.0000 | Improvements Assessment | $1,021,480 |
| Land Assessment | $20,000 | Total Assessment | $1,041,480 |
PROPERTY TAXES
Parcel Number
16-02-04-3-303-007.0000
Land Assessment
$20,000
Improvements Assessment
$1,021,480
Total Assessment
$1,041,480
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Minutes from Lake Martin | 121 N Tallassee St
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