902 Whelan Street

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902 Whelan Street

Greensboro, AL 36744
Asking Price
$210K
Asset Type
Restaurant Retail
Class
Class B

What's Special

Unique Opportunity! <p>-Located in the historic district of Greensboro, Alabama this charming bungalow built in 1901 is an ideal spot to open a restaurant, a wine bar, a tea room, a bakery</p><p></p><p>-A turn key operation. Current home of Abadirs and Okra House, the owners completely updated this building</p><p></p><p>-Commercial kitchen with prep room, utility room, walk-in cooler all added 2023-25</p><p></p><p>-Updates include, new roof and HVAC 2024, re-wired 2023, some plumbing updates 2023-25, exterior paint

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NOI
$80,000
Cap Rate
38.11%
DSCR
6.42
Strong
Cash-on-Cash
107.25%
Monthly Payment
$1,038.471
Annual Cash Flow
$67,538.352

Location & Travel Times