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🏢 Just listed — Grocery Store Retail for sale in Steele, AL.

📍 770 Steele Station Road, Steele, AL
🏷  Grocery Store Retail · For Sale
💰 $685K

<p><strong style="color: rgba(0, 0, 0, 1)">This is 13.7 acres adjacent to the Steele, Alabama exit off I-59 North behind a newly built Speedway Travel Center across from a Love's Travel Center. Uses for this property include multi-family development, PUD, retail shopping developm

Full financials, photos, and broker contact:
https://commrty.com/property/alabama/steele/steele-alabama-development-opportunity-2597710-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=steele-alabama-development-opportunity-2597710

#Steele #Retail #CommercialRealEstate #CRE #Investment

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Home/AL/Steele

770 Steele Station Road

Steele, AL 35987

Asking Price

$685K

Asset Type

Grocery Store Retail

Class

Class B

What's Special

<p><strong style="color: rgba(0, 0, 0, 1)">This is 13.7 acres adjacent to the Steele, Alabama exit off I-59 North behind a newly built Speedway Travel Center across from a Love's Travel Center. Uses for this property include multi-family development, PUD, retail shopping development, office park, and RV or mobile home park. Engineer plat available on request.</strong></p>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

11.68%

DSCR

1.97

Strong

Cash-on-Cash

19.14%

Monthly Payment

$3,389.006

Annual Cash Flow

$39,331.925

Location & Travel Times

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