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    110 Yacht Basin Drive

    DEMOPOLIS, AL 36732
    • $499,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 139637
    UPDATED: 68 min ago
    $499,000
    • 0
      BEDS
    • 0.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,967
      SQFT
    • $56
      $/SQFT
    Type:
    Commercial
    Built:
    1986
    County:

    School Ratings & Info

    Description

    Excellent investment opportunity for income-producing property in a high-traffic recreational area. The building can be completed as 26 unit motel or studio apartments or 13 one-bedroom condominiums. A new fire suppression sprinkler system installed throughout the building and ready for activation. One unit has been converted and finished as a condo with kitchen, tile bath, and two separate entrances. All decks and balcony are newly-floored with Trex with a great view of the marina and river. Parking and boat storage underneath the unit complete with a caretaker office, bathroom and laundry. Variances have been approved by the City of Demopolis. Nearby restaurant building is available for lease by the Port Authority with generous leasehold improvement incentives. Call agent for fact sheet.

    Monthly Payment Calculator

    © 2020 West Alabama Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gray Group at Keller Williams Realty Tuscaloosa. Data last updated: 2020-09-22T14:50:42.853.

    www.thegraygroupal.com/homes/108491051
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    110 Yacht Basin Drive DEMOPOLIS, AL 36732

    • Price: $499,000
    • Status: Active
    • Updated: 68 min ago
    • MLS #: 139637
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.52
    Acres
    8,967
    SQFT
    $56
    $/SQFT
    1986
    Built
    Neighborhood:
    (07) Outside Tuscaloosa - Not Neighboring
    County:
    Marengo
    Area:
    (07) Outside Tuscaloosa - Not Neighboring
    Property Description
    Excellent investment opportunity for income-producing property in a high-traffic recreational area. The building can be completed as 26 unit motel or studio apartments or 13 one-bedroom condominiums. A new fire suppression sprinkler system installed throughout the building and ready for activation. One unit has been converted and finished as a condo with kitchen, tile bath, and two separate entrances. All decks and balcony are newly-floored with Trex with a great view of the marina and river. Parking and boat storage underneath the unit complete with a caretaker office, bathroom and laundry. Variances have been approved by the City of Demopolis. Nearby restaurant building is available for lease by the Port Authority with generous leasehold improvement incentives. Call agent for fact sheet.
    Exterior Features

    Parking Features CoveredParking Space(S) Roof Metal

    Property Features

    Lease Considered No Property Sub Type Hotel/Motel Utilities Electricity Available

    Listing provided courtesy of Lee Foster of Keller Williams.
    © 2020 West Alabama Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gray Group at Keller Williams Realty Tuscaloosa. Data last updated: 2020-09-22T14:50:42.853.

     
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    The Gray Group at Keller Williams Realty Tuscaloosa
    1788 N. McFarland Blvd.
    Tuscaloosa AL, 35406