2964 Birmingham HwyMontgomery, AL 36108

This exceptional investment opportunity presents the Evans Activity Center, a vibrant 14,000 square foot entertainment and gathering venue situated on a 5.7-acre lot in Montgomery, Alabama (2964 - 2950 Birmingham Highway, 36108). The property, encompassing two buildings, underwent renovations in 2018, resulting in three ballrooms and two outdoor pavilions. Currently operating as a successful business with weekend bookings often extending months or even years in advance, the Evans Activity Center offers significant upside potential for increased usage and lease income. The property includes five units and three keys. The current asking price is $1,200,000, representing a price per square foot of $85.71, with a strong 8.37% cap rate and a NOI of $100,381. The property is classified as Class C, with a Hospitality, Mixed Use, and Special Purpose designation. While currently not utilizing its liquor license for on-site alcohol sales, this presents an additional avenue for revenue generation. The minimal operating expenses and efficient staffing model contribute to the property's high profitability. The current owner's retirement plans present a unique opportunity for a buyer to capitalize on the existing success and further expand the business's potential. This is a value-add investment opportunity within the Entertainment/Gathering Venue sub-sector.