5075 Highway 188, Coden, AL 36523 | MLS 518938 | Listing Information
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5075 Highway 188, Coden, AL 36523

$299,000
|
|
MLS# 518938
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Last Updated: 12/6/2016 11:37 AM
Description for 5075 Highway 188 Coden, AL 36523
BOM PENDING RELEASE OF SALE. THIS PROPERTY WILL BE OPEN FOR VIEWING FRIDAYS AND SATURDAYS FROM 9:00 TO 3:00 CURRENTLY THE OWNER HAS SET UP A CONSIGNMENT SHOP IN THE BUILDING. HISTORIC COMMERCIAL BUILDING FORMALLY MARYS PLACE (RESTAURANT). HWY 188 FRONT FOOTAGE IS 159 AND LOSSING RD FRONT FOOTAGE IS 323. 10,000 SQ FT COMMERCIAL BUILDING. OTHER EXCELLENT USES WOULD BE COUNTRY WESTERN ENTERTAINMENT FACILITY, CATERING EVENTS, INCLUDING SERVICING, FOOD AND BEVERAGE, BANDS FOR ENTERTAINMENT, SQUARE DANCING AND LINE DANCING. EVENT BUILDING SUCH AS CLASS REUNION, FAMILY REUNION, SUMMER CAMPS, WEDDING/RECEPTION. CELEBRATIONS OF ANY KIND. IDEAL FOR SENIOR CITIZEN AND OR CHILD DAYCARE FACILITY. BUILDING WAS BUILT BY A STRUCTURAL ENGINEER WITH WELDED STEEL AND FACED OUT TO HAVE THE WEATHERED OLD WESTERN LOOK. NEW SEPTIC IN 2004 AND PUBLIC SEWER IS COMING SOON. HOWEVER RECORDS CAN BE OBTAINED ON THE SYSTEM IN PLACE NOW AND THERE SHOULD NEVER BE A NEED TO HOOK UP. THERE IS ALSO A RENTAL HOUSE ON THIS PROPERTY THAT RENTS FOR $450PER MONTH. THIS PROPERTY HAS SO MUCH POTENTIAL AND NEEDS THE RIGHT INVESTOR TO BRING IT INTO THIS NEW GENERATION AND ALIVE AGAIN LIKE IT HAS BEEN IN THE PAST. THIS PLACE WAS A BOOMING RESTAURANT BUSINESS BUT NO LONGER IS DUE TO HEALTH PROBLEMS. MLS# 518997 ACROSS THE STREET ON THE CORNER OF BELLINGRATH RD AND HWY 188 IS AVAILABLE FOR SALE AND CAN BE PURCHASE WITH THIS PARCEL FOR AN ADDED VALUE. SEE FLOOD MAP WITH THE ADDITIONAL PICTURES. THE 10,000 SQ FT BUILDING HAS NOT EVER FLOODED PER SELLER AND THE FLOOD MAP.
Price
$299,000
MOBILE
518938
Active
Description
BOM PENDING RELEASE OF SALE. THIS PROPERTY WILL BE OPEN FOR VIEWING FRIDAYS AND SATURDAYS FROM 9:00 TO 3:00 CURRENTLY THE OWNER HAS SET UP A CONSIGNMENT SHOP IN THE BUILDING. HISTORIC COMMERCIAL BUILDING FORMALLY MARYS PLACE (RESTAURANT). HWY 188 FRONT FOOTAGE IS 159 AND LOSSING RD FRONT FOOTAGE IS 323. 10,000 SQ FT COMMERCIAL BUILDING. OTHER EXCELLENT USES WOULD BE COUNTRY WESTERN ENTERTAINMENT FACILITY, CATERING EVENTS, INCLUDING SERVICING, FOOD AND BEVERAGE, BANDS FOR ENTERTAINMENT, SQUARE DANCING AND LINE DANCING. EVENT BUILDING SUCH AS CLASS REUNION, FAMILY REUNION, SUMMER CAMPS, WEDDING/RECEPTION. CELEBRATIONS OF ANY KIND. IDEAL FOR SENIOR CITIZEN AND OR CHILD DAYCARE FACILITY. BUILDING WAS BUILT BY A STRUCTURAL ENGINEER WITH WELDED STEEL AND FACED OUT TO HAVE THE WEATHERED OLD WESTERN LOOK. NEW SEPTIC IN 2004 AND PUBLIC SEWER IS COMING SOON. HOWEVER RECORDS CAN BE OBTAINED ON THE SYSTEM IN PLACE NOW AND THERE SHOULD NEVER BE A NEED TO HOOK UP. THERE IS ALSO A RENTAL HOUSE ON THIS PROPERTY THAT RENTS FOR $450PER MONTH. THIS PROPERTY HAS SO MUCH POTENTIAL AND NEEDS THE RIGHT INVESTOR TO BRING IT INTO THIS NEW GENERATION AND ALIVE AGAIN LIKE IT HAS BEEN IN THE PAST. THIS PLACE WAS A BOOMING RESTAURANT BUSINESS BUT NO LONGER IS DUE TO HEALTH PROBLEMS. MLS# 518997 ACROSS THE STREET ON THE CORNER OF BELLINGRATH RD AND HWY 188 IS AVAILABLE FOR SALE AND CAN BE PURCHASE WITH THIS PARCEL FOR AN ADDED VALUE. SEE FLOOD MAP WITH THE ADDITIONAL PICTURES. THE 10,000 SQ FT BUILDING HAS NOT EVER FLOODED PER SELLER AND THE FLOOD MAP.
Listing Information
Property Type: General Commercial, Other
2.55 Acres $2,990
Neighborhood
Room Information
Exterior / Lot Features
None
IRREGULAR
Financial Considerations
R02-48-02-03-4-000-006.001

Coden Real Estate

Coden is located in Alabama. Coden, Alabama 36523 has a population of 1,892.

The median household income in Coden, Alabama 36523 is $42,188. The median household income for the surrounding county is $42,973 compared to the national median of $53,046. The median age of people living in Coden 36523 is 49.7 years.

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Courtesy: BELLATOR REAL ESTATE & DEVELOPMENT MOBILE
All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETS real estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumer's personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2016 Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. Copyright 2016 GCMLS. All rights reserved.
Information is deemed reliable but is not guaranteed.

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