Commercial Real Estate in Alabama available for sale
Investment Properties For Sale

Investment Properties for Sale in Alabama, USA

More details for 850 malone drive, Gardendale, AL - Land for Sale

R-4 Multifamily Development Property - 850 malone drive

Gardendale, AL 35071

  • Investment Property
  • Land for Sale
  • $415,849 CAD
  • 3.39 AC Lot
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More details for 39207 State Highway 59, Bay Minette, AL - Land for Sale

New Price! 20.98± Acs: Hwy 59, Bay Minette AL - 39207 State Highway 59

Bay Minette, AL 36507

  • Investment Property
  • Land for Sale
  • $554,401 CAD
  • 20.98 AC Lot

Bay Minette Land for Sale - Baldwin County

BAY MINETTE, AL - NEW PRICE! 20.98± ACRES | UNZONED LAND | 222'± TOTAL HWY 59 FRONTAGE | FLEXIBLE-USE POTENTIAL This 20.98± acre wooded tract offers a straightforward land position on Hwy 59 in Bay Minette. Divided from a larger 41.95± acre century-held family property, the site includes approximately 162'± of direct frontage along Hwy 59 and a 60'± wide easement, providing approximately 222'± of total access. With no zoning restrictions, the tract can be evaluated for a range of possible uses, from a single-family home, homestead, hunting retreat, agricultural or timber use to an RV concept, single-family or multifamily development, retail, shopping center, warehouse, trucking, service-commercial, or long-term land hold. Buyers should confirm all applicable requirements for their intended use. The surrounding market is giving buyers more to consider. Old Towne Commons, approximately one mile away, has conditional preliminary approval for a 413± acre mixed-use plan with future single-family, multifamily, and commercial components. Bay Minette has also seen new retail construction, restaurant openings, hotel development activity, workforce-training investment, and ongoing connectivity planning along its broader transportation network. The Baldwin Beach Express II is approximately 19 miles north of the property and remains an important longer-term mobility project for Baldwin County. Novelis and the South Alabama Mega Site, located about 17 miles away, continue to be key contributors to regional employment and service demand in the area. Formerly part of the Rhodes Quail Farm and held by the same family for more than 100 years, this tract combines a genuine local legacy with a location that deserves a closer look. The full 41.95± acre tract is also available.

Contact:

PHD Realty LLC

Property Subtype:

Commercial

Date on Market:

2026-08-05

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More details for 207 Fob James Dr, Valley, AL - Office for Sale

Valley MOB - 207 Fob James Dr

Valley, AL 36854

  • Investment Property
  • Office for Sale
  • $1,929,040 CAD
  • 8,900 SF
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More details for 0 Old Stage rd, Repton, AL - Land for Sale

0 Old Stage rd

Repton, AL 36475

  • Investment Property
  • Land for Sale
  • $512,649 CAD
  • 76 AC Lot

Repton Land for Sale

REPTON, AL — INCOME-PRODUCING 76± ACRES | TRULY UNRESTRICTED | FARMLAND + TIMBER | NO ZONING! This 76± acre offering pairs sustainable farm income with complete development freedom — a combination rarely found in western Conecuh County. Roughly 60± acres of cleared, level, high-and-dry farmland are planted and producing income under an active lease, so the property earns from the moment of closing. Spanning two parcels with 1,580± feet of combined road frontage, the land carries no city or county zoning ordinances and requires no building permits, giving the buyer a clean slate and genuine flexibility. The remaining 16± acres are wooded, offering privacy, a natural buffer, and an ideal setting for a homesite, retreat, or hunting ground. Natural gas and power are available to the property, with connection and related fees the buyer's responsibility. The two-parcel layout invites a practical plan: keep the lease income working on one tract and build your home on the other, with room for cattle, horses, livestock, or a sizable garden. Suited uses run wide — a working row-crop operation, a cattle or equestrian setup, a multi-generational family farm, or a long-term land hold. Positioned along AL-41 near Repton, the property connects to Interstate 65 at Exit 77 and places Evergreen, Brewton, and the broader Gulf Coast within comfortable reach, with Pensacola and the coast under 1.5 hours south. Between the sustainable income and the rare freedom to use it however you choose, the value here is easy to see. Income-producing, unrestricted acreage of this size seldom comes to market in this part of South Alabama.

Contact:

PHD Realty LLC

Property Subtype:

Agricultural

Date on Market:

2026-06-18

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More details for 3500 McInnis Rd, Montgomery, AL - Specialty for Sale

McInnis School - 3500 McInnis Rd

Montgomery, AL 36116

  • Investment Property
  • Specialty for Sale
  • $1,738,500 CAD
  • 27,613 SF
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More details for 4280 US Highway 29 S, Tuskegee, AL - Health Care for Sale

SYFS Treatment Facility - 4280 US Highway 29 S

Tuskegee, AL 36083

  • Investment Property
  • Health Care for Sale
  • $3,616,080 CAD
  • 51,080 SF
  • Wheelchair Accessible

Tuskegee Health Care for Sale - Macon County

This expansive property, once serving as a psychiatric treatment facility and school, is situated on approximately 113 acres in Macon County, Alabama. With no zoning restrictions, the flexibility provided to potential buyers are many. The facility is fully serviced by city utilities, including electricity, sewer, water, and gas, making it a convenient and versatile choice for different types of ventures. The building encompasses approximately 51,080 SF of usable space and remnants of an old football stadium is on site. Constructed in 1969, it features durable concrete block construction, ensuring longevity and structural integrity. The current facility accommodates 41 beds, making it suitable for various uses such as a small hospital, rehabilitation center, or senior care facility. It includes common areas, a full kitchen, dining area, and an extensive library promoting a communal and comfortable environment for residents and staff alike. The property has been well maintained containing landscaped grounds offering a tranquil setting amidst a peaceful environment and paved access enhances both its aesthetic appeal and accessibility. There are 27 surface parking spaces available providing room for staff, visitors, or residents and well-lit access points ensure safety and visibility throughout the property. Given its size, location, and existing infrastructure, this property offers a unique opportunity to create a specialized facility tailored to meet the specific needs of the community along with significant potential for redevelopment and repurposing in a variety of sectors all while set against the serene backdrop of Macon County, AL. *Owner Financing is Available.*

Contact:

Park Properties

Property Subtype:

Rehab Centre

Date on Market:

2026-04-28

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More details for 358 Blackwell Dairy Rd, Jasper, AL - Land for Sale

358 Blackwell Dairy Rd - 358 Blackwell Dairy Rd

Jasper, AL 35504

  • Investment Property
  • Land for Sale
  • $904,020 CAD
  • 14.20 AC Lot
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More details for 1300 Illinois St, Mobile, AL - Multifamily for Sale

Six Unit, Income Producing Multifamily! - 1300 Illinois St

Mobile, AL 36604

  • Investment Property
  • Multifamily for Sale
  • $834,480 CAD
  • 3,613 SF
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More details for 355 S Mobile St, Fairhope, AL - Multifamily for Sale

Oak Haven Cottages - 355 S Mobile St

Fairhope, AL 36532

  • Investment Property
  • Multifamily for Sale
  • $6,852,472 CAD
  • 15,000 SF
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More details for 871 Twinforks Ave, Auburn, AL - Health Care for Sale

Assisted Living | Backup Offers Accepted - 871 Twinforks Ave

Auburn, AL 36830

  • Investment Property
  • Health Care for Sale
  • $4,728,720 CAD
  • 33,842 SF
  • Wheelchair Accessible

Auburn Health Care for Sale - Lee County

Bull Realty is pleased to present this Assisted Living Facility for sale. The ±33,254 SF building has 43 units and is licensed for 49 beds. The facility located in Auburn, Alabama, whose population is of 82,000, is widely recognized as one of the most dynamic and fastest-growing economies in the Southeastern United States. Auburn, AL is also the home of Auburn University just 9 minutes away from the property. Nearly 68% of residents hold a bachelor’s degree or higher. The city has evolved into a diverse regional hub for advanced manufacturing, technology, high-quality residential living and a retirement destination for Auburn University Alumni. Auburn’s identity is defined by a sophisticated blend of collegiate tradition and modern southern cosmopolitanism. Often referred to as “The Loveliest Village on the Plains,” the city’s culture acts as a powerful driver for the local tourism and hospitality sectors. The senior living community offers elegantly detailed interiors with large suites as well as spacious single rooms. Amenities include a professional kitchen, theater, beauty salon and more. The property offers assisted living with a professional care staff and memory care services. Strong Market • Average Net Worth (Age 75+): $1,696,281 • Average Household Income (Age 75+): $70,747 • Average Home Value: $361,052 • Unmet Demand (10 mile): 82 beds Property Highlights • List Price: $3,400,000 • Gross Revenue: $2,176,894.66 (Actual) • Occupancy: 92.2% (Actual) • Forecast NOI: $544,233.66 (normalizing expenses to 75% of Gross Revenue) • CoStar Southeast Sold Comps: $233/SF • 2025 Weitz Replacement Cost (Construction cost only): $343/SF Financial Highlights (5-Year Hold) • Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.856% interest • Using 12.4 vacancy Year 1 and 10% Years 2 through 10 • Revenue growth 5% per year • IRR: 92.6% • Cash on Cash: 55.2% • Acquisition CAP Rate: 16.01% • Debt Service Coverage Ratio: 2.48 • Projected Sales Year 5: $8.6 million • Sales proceeds after expenses: $5.8 million

Contact:

Bull Realty Inc.

Property Subtype:

Assisted Living

Date on Market:

2026-01-26

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More details for 2115 Point Mallard Dr SE, Decatur, AL - Health Care for Sale

Assisted Living | Backup Offers Accepted - 2115 Point Mallard Dr SE

Decatur, AL 35601

  • Investment Property
  • Health Care for Sale
  • $5,285,040 CAD
  • 33,906 SF

Decatur Health Care for Sale - Downtown Decatur

Located in Decatur, Alabama, this building is in A “Senior-Heavy” Market: Decatur’s 65+ population (approximately 18.1% of the city) is slightly higher than the national average. When looking at the broader MSA, nearly 1 in 5 residents is a senior, indicating a high density target market for assisted living services. Regional Draw: As the second-largest city in the Huntsville-Decatur Combined Statistical Area (CSA)—a region with over 880,000 people—Decatur acts as a primary service hub for the more rural parts of Lawrence and Limestone counties. Economic Stability: With a median household income of approximately $63,987 and a cost of living roughly 12% below the national average, residents have higher-than-average discretionary income for private-pay senior care options for care. STRONG MARKET • Average Net Worth (Age 75+): $1,696,281 • Average Household Income (Age 75+): $70,747 • Average Home Value: $361,052 • Unmet Demand (10 mile): 196 Beds PROPERTY HIGHLIGHTS • List Price: $3,800,000 • Gross Revenue: $2,174,408 (Actual) • Occupancy: 70.5% November (Actual) • Forecast NOI: $543,602 (normalizing expenses to 75% of Gross Revenue) • CoStar Southeast Sold Comps:$233/SF • 2024 Weitz Replacement Cost (Construction cost only): $273/SF FINANCIAL HIGHLIGHTS (5-Year Hold) • Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.856% interest • Using 29.5% Year 1, 19% Year 2, and 10% Years 3-10 • Revenue growth: 5% per year • IRR: 83.11% • Cash on Cash: 33.16% • Acquisition CAP Rate: 12.3% • Debt Service Coverage Ratio: 1.9 • Projected Sales Year 5: $9.5 million • Sales proceeds after expenses: $6.3 million

Contact:

Bull Realty Inc.

Property Subtype:

Assisted Living

Date on Market:

2026-01-22

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More details for 707 Key Dr, Birmingham, AL - Hospitality for Sale

Quality Inn & Suites Birmingham - Highway 280 - 707 Key Dr

Birmingham, AL 35242

  • Investment Property
  • Hospitality for Sale
  • $6,397,680 CAD
  • 29,094 SF
  • Controlled Access
  • Wheelchair Accessible
  • Smoke Detector

Birmingham Hospitality for Sale - Hwy 280/Shelby County

THE OPPORTUNITY Unlock the potential of this 62-room, 3-story interior corridor asset located on the most lucrative commercial stretch in Alabama. Currently operating as a Quality Inn & Suites, this property offers a rare combination of ready-to-flag infrastructure and a high-demand location that supports a variety of exit strategies—from a premium Marriott or Hilton rebrand to a full-scale residential conversion. PROPERTY HIGHLIGHTS & AMENITIES This is a high-utility, full-amenity facility designed for guest comfort and operational efficiency: *Interior Corridors & Elevator: Essential for high-tier brand standards and critical for senior living or multifamily conversions. *Indoor Heated Pool: A premium feature that drives higher weekend rates and offers a unique amenity for residential use. *Business Center & Guest Laundry: Fully equipped spaces to cater to the Highway 280 corporate traveler and long-term residents. *Operational Efficiency: Standardized room layouts PREMIER LOCATION: THE HIGHWAY 280 CORRIDOR The property sits at the heart of Birmingham’s "Golden Strip," where traffic and demographics meet: *Traffic Count: Over 60,000 Vehicles Per Day (VPD) pass through this corridor, providing unmatched organic visibility. *The Medical Hub: Just minutes from Grandview Medical Center (434 beds), creating recession-resistant demand for patient-family lodging and workforce housing. *Retail & Corporate Density: Immediate access to The Summit (luxury shopping) and major headquarters including Blue Cross Blue Shield of Alabama and Encompass Health. STRATEGY 1: THE HOSPITALITY REBRAND The property is perfectly positioned to pivot to "Premium Economy" or "Midscale," tapping into global reservation systems and higher ADR: *City Express by Marriott: Marriott’s newest "affordable midscale" workhorse. Designed specifically for low-cost, high-impact conversions, it allows you to tap into the Marriott Bonvoy engine with minimal structural changes. *Spark by Hilton: A disruptive conversion brand focusing on simplicity and consistency. Ideal for capturing Hilton Honors loyalists. *Garner by IHG: IHG’s latest midscale flag, targeting quality-conscious travelers who prioritize reliable essentials and a strong loyalty program. *Wingate by Wyndham: Leverage the existing indoor pool and business center to position the property as a premier business hub. *Relicense with Choice Hotels for Quality Inn & Suites. STRATEGY 2: ADAPTIVE REUSE & CONVERSION In a 2026 market facing significant housing shortages, this is a turnkey solution for developers: *Workforce/Medical Housing: Provide "micro-studio" units for the thousands of staff working at nearby Grandview Medical Center. *Student Housing: Serve the graduate student populations of UAB and Samford University who desire the safety and convenience of the Inverness area. *Senior Living/Memory Care: The elevator access and interior-corridor layout are ideal for a managed senior facility in a quiet, accessible cul-de-sac. *Affordable Housing: Utilize state and federal incentives (LIHTC) to provide high-quality housing in a high-income, transit-accessible ZIP code. You are buying a high-quality "box" on the best "dirt" in Birmingham. In a land-constrained market like Highway 280, new development is increasingly cost-prohibitive. This asset provides 62 rooms of infrastructure already equipped with an elevator and an indoor heated pool—features that are expensive to build from scratch. Whether you capitalize on the Marriott Bonvoy or Hilton Honors network to dominate local RevPAR, or solve the regional housing crunch through a multifamily pivot, the infrastructure is ready. This is a low-risk, high-reward entry into the most stable submarket in Alabama. QUICK SPECS FOR BUYERS *Stories: 3 (Interior Corridor with Elevator) *Total Rooms: 62 *Key Amenities: Indoor Heated Pool, Business Center, Guest Laundry *Land Area: ±1.47 Acres Primary Demand: Medical (Grandview), Corporate (Inverness), Retail (The Summit) PLEASE DO NOT CONTACT PROPERTY DIRECTLY

Contact:

Anishkumar Amrutlal

Property Subtype:

Hotel

Date on Market:

2026-01-21

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More details for 1012 Noble St, Anniston, AL - Retail for Sale

Sparklight - 1012 Noble St

Anniston, AL 36201

  • Investment Property
  • Retail for Sale
  • $834,341 CAD
  • 5,486 SF
  • Air Conditioning
  • Smoke Detector

Anniston Retail for Sale

Own a piece of history with this beautifully updated 1890s three-story commercial building situated in the heart of Anniston’s revitalizing downtown district. This mixed-use property blends timeless character with modern upgrades, offering both investment potential and unique lifestyle appeal. The street-level space welcomes visitors with a reception area, kitchenette, restroom, and multiple rooms currently leased to a salon, providing immediate rental income. The basement enhances functionality with private garage access, an automatic opener, and ample storage. The top-floor loft is a true highlight, featuring tongue-and-groove ceilings, a skylight, decorative fireplace, and solid-core doors throughout. A gourmet kitchen anchors the space with a stone-surround island accommodating eight, complemented by stone backsplash, pantry, and an appliance package that includes a new dishwasher and wine cooler hookup. The layout boasts two bedrooms, two luxury baths with tiled showers and heated floors, generous closet space, and a laundry area with washer and dryer. Additional flex space and a half bath offer added versatility. Recent upgrades underscore value and longevity: a 60-mil TPO roof installed in 2025 and three HVAC units less than a year old. Details such as exposed brick walls, stunning wood staircases, and elegant arched doorways deliver a distinctive character that’s hard to find. Within walking distance to entertainment, dining, festivals, and outdoor activities, this property is primed for a savvy mixed-use investor or Airbnb operator. Loft conveys mostly furnished for added convenience.

Contact:

ERA King Real Estate

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-10-08

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More details for 246 Lake Street, Auburn, AL - Land for Sale

0 Lake Street Development Parcel - 246 Lake Street

Auburn, AL 36832

  • Investment Property
  • Land for Sale
  • $5,737,050 CAD
  • 27.50 AC Lot

Auburn Land for Sale - Lee County

For Sale | ±27.5 Acres | Lake Street, Auburn, AL 36830 Asking Price: $4,125,000 Zoning: CDD (Comprehensive Development District) This ±27.5-acre site presents a rare opportunity in the heart of Auburn’s primary commercial corridor. Strategically located just off South College Street (U.S. Hwy 29), the property sits behind Extra Space Storage and across from Holiday Inn and Taco Bell, offering both visibility and unmatched accessibility. Property Highlights ±27.5 acres with paved road entry Utilities nearby/on site Daily traffic counts: South College Street: ±31,000 VPD Interstate 85: ±53,000 VPD Location Advantages Just off I-85 Exit 51, Auburn’s main gateway from the interstate Minutes from Downtown Auburn and Auburn University Surrounded by strong national brands and steady commercial growth Excellent accessibility and visibility along one of Auburn’s most traveled corridors Market Overview The Auburn/Opelika metro is one of Alabama’s fastest-growing areas, with a 17.1% population increase since 2010. The region benefits from a strong workforce fueled by Auburn University, a business-friendly environment, and a diverse economy spanning retail, hospitality, industrial, healthcare, and technology. The area’s high quality of life, affordable cost of doing business, and prime connectivity to Atlanta, Birmingham, and Montgomery make it an ideal location for development. Development Potential With CDD zoning, direct proximity to I-85, and daily exposure from tens of thousands of vehicles, this property is well-suited for: Hospitality Retail or mixed-use projects Office and professional services This combination of size, location, and visibility makes the site a premier opportunity for developers and investors looking to capitalize on Auburn’s rapid economic and population growth. Contact: Cole Maxwell, Associate Broker Mobile: 334-707-8402 Email: colemaxwell707@gmail.com

Contact:

Comprehensive Commercial

Property Subtype:

Commercial

Date on Market:

2025-09-10

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More details for 2505 Whitesburg Dr SE, Huntsville, AL - Land for Sale

Infill Dev Opportunity | Townhome Potential - 2505 Whitesburg Dr SE

Huntsville, AL 35801

  • Investment Property
  • Land for Sale
  • $681,492 CAD
  • 0.59 AC Lot
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More details for 606-700 N Alston St – Multifamily for Sale, Foley, AL

606-700 N Alston St

  • Investment Property
  • Multifamily for Sale
  • $1,876,189 CAD
  • 8,468 SF
  • 3 Multifamily Properties

Foley Portfolio of properties for Sale - Baldwin County

Rare Investment Opportunity – Prime Location in Foley, AL. Don’t miss this exceptional opportunity to acquire 10 apartment units each offering two bedrooms and one bath across three parcels (PPIN #396767, #72683, and #48020) located near each other in one of Foley’s fastest-growing and most desirable areas. The property was remodeled in 2022 with upgrades including stainless appliances, wood-look vinyl flooring, fresh paint, butcher block kitchen islands, and in-unit laundry rooms. Strategically located just one block off Highway 59, these parcels offer excellent visibility and access—ideal for both immediate income generation and future commercial development. Zoned B-1 (Local Business District), residential use is no longer permitted under current zoning. However, the existing units are operating under legal non-conforming status, allowing continued residential occupancy. Whether you're looking for rental income or a high-profile redevelopment opportunity, this property provides both flexibility and potential. Highlights: •10 total apartment units • 3 separate parcels: PPIN #396767, #72683, #48020 •Zoned B-1 with legal non-conforming residential use •Property remodeled in 2022 •Excellent exposure just one block from Hwy 59 •Strong rental potential + future redevelopment opportunity** See attached document regarding zoning and rental information from the City of Foley. Buyer to verify all information during due diligence.

Contact:

RE/MAX Paradise

Property Subtype:

Multi Family

Date on Market:

2025-06-26

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More details for 1653 Spring Hill Ave, Mobile, AL - Land for Sale

Prime Medical District Development Site - 1653 Spring Hill Ave

Mobile, AL 36604

  • Investment Property
  • Land for Sale
  • $834,480 CAD
  • 2.30 AC Lot
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More details for 1018 Union, Selma, AL - Retail for Sale

Selma - 1018 Union

Selma, AL 36701

  • Investment Property
  • Retail for Sale
  • $83,309 CAD
  • 2,856 SF
  • Restaurant
  • Wheelchair Accessible

Selma Retail for Sale

Rebuilt Former Boy's Club and Soup Kitchen features 17 rooms. Rebuilt to commercial restaurant standards with new stucco, decorative concrete flooring, drywall, paint, electric, lighting, HVAC vents and duct.ADA compliant. North rooms have new steel roofing. Fenced with 6' gates. Concrete patio on north side for Autumn shade. Commerical Uses: Large kitchen, 2 dining halls with ADA ramps make building a prospect for: Food Prep, cook in large 7 room kitchen for Catering, Commissary, Bakery, or Take Out Food truck Elderly Living Center Boys Club or Social Club Child Care Center Church Storage - Minimal windows make it secure. Convert to residential duplex with a wall down the center Presently constructed as a Restaurant with street parking. Surrounded by 5 vacant lots that could be used as parking. Location is a few blocks west of historic downtown Selma Rooms include: Front Entry Room with wooden 1:12 ramp Side Entry Room with concrete ramp 3 Bathrooms Large Dining Hall Large Banquet Room Banquet Support Room Waiting Area Kitchen Kitchen Prep Office Sauce Prep Server Station Walk-In Cooler Mop and Sink Room Condition Report by commercial appraiser James Lester: Remodeled inside and out, new concrete floors and drywall Metal roof Painting is complete. Work inspected to code Sheet rock has been well done. Incomplete: Kitchen, but sink, gas stove and large frig are in building. 2-3 Bathrooms depending on end use HVAC Ducts installed but needs compressor. Air handler in building.

Contact:

Alexander Albert Company

Property Subtype:

Storefront Retail/Residential

Date on Market:

2023-01-06

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More details for Ravenwood Drive And Bell Road, Selma, AL - Land for Sale

Ravenwood Drive And Bell Road

Selma, AL 36701

  • Investment Property
  • Land for Sale
  • $417,240 CAD
  • 15.58 AC Lot
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