This laundromat is the prime Opportunity for a great investment property with great return on investment. This property is in the hands of A TRUSTEE and sold AS IS
**Endless Commercial Potential in the Heart of Luverne!** Don't miss this incredible opportunity to own **2.75± acres** with outstanding road frontage in a highly visible location at **932 W. Third Street, Luverne**. Whether you're looking to expand your business, start a new venture, or invest in commercial property, this versatile property offers unlimited possibilities. The property includes a **14' x 40' office building** that's ready to be utilized for a variety of business needs. With ample acreage, there's plenty of room for future expansion, additional buildings, equipment storage, parking, or outdoor operations. The exceptional visibility and easy accessibility make this property ideal for professional offices, contractor headquarters, retail, service businesses, landscaping, equipment sales, storage, and so much more. Best of all, it's offered at **a price that's hard to beat**, making it an outstanding value for investors and business owners alike. Opportunities with this much frontage, acreage, and potential don't come along often. Bring your vision and make this property work for you!
This multi-tenant retail center with State Farm and Hayne's Ambulance anchor tenants is located on US Hwy. 331 in Luverne, AL. 2023 AADT of 12,695 VPD. The building is approximately 4,800 sq. ft. with four +- 1,200 sq. ft. retail suites (100% occupied). Positioned across from Ramey's Marketplace and near AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, Roses and more. Diverse tenant mix: Suite 1 (Hayne's Ambulance) leased through 11-30-28, Suite 2 (long-term anchor tenant State Farm) leased through 12/31/32 with scheduled rent increase, Suite 3 (GLG Sandwich Shop) leased through 10-31-28, Suite 4 (Smash Foods) leased through 12-31-28, with a new HVAC installed in 2024. This sale offers a 9% cap rate with NOI of $45,601.66.
Luverne is located in Alabama. Luverne, Alabama has a population of 2,716. Luverne is less family-centric than the surrounding county with 24.87% of the households containing married families with children. The county average for households married with children is 26.7%.
The median household income in Luverne, Alabama is $49,148. The median household income for the surrounding county is $43,103 compared to the national median of $69,021. The median age of people living in Luverne is 41.9 years.
The average high temperature in July is 90.4 degrees, with an average low temperature in January of 33 degrees. The average rainfall is approximately 55.9 inches per year, with 0.1 inches of snow per year.
