For Sale
$850,000

29854 Ardmore AveArdmore, AL 35739

Prime Ardmore location, 4+ acre lot, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1,500 square foot apartment building, located at 29854 Ardmore Avenue in Ardmore, Alabama (zip code 35739), presents a unique investment opportunity. Situated on a sizable 4.3-acre lot within the Ardmore city limits, this property offers significant potential for future development. The existing structure is a fully occupied, single-tenant apartment building with a 100% occupancy rate. The building itself is a newly updated, full brick construction featuring sleek new flooring, making it move-in ready. A detached garage provides additional storage and convenience. The property's assessed parcel number (APN) is 0102044000040000. The asking price is $850,000, translating to a price per square foot of $566.67. The property is classified as both retail and multifamily, offering flexibility for various investment strategies. Its prime location and substantial lot size make it ideal for expansion or redevelopment into a larger multifamily complex or other commercial ventures. This is a rare opportunity to acquire a property with immediate income and significant long-term growth potential in a desirable Alabama location.

Property Details for 29854 Ardmore Ave

Property type
Retail properties, Apartment buildings
Square Feet
1,500 SF
Lot Size (sq. ft)
187,308 SF

Location Insight

City
Ardmore
County
Limestone
State
Alabama
Latitude
34.9819961
Longitude
-86.8462974
29854 Ardmore Ave, Ardmore, Alabama

FAQs

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29854 Ardmore Ave
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