Listed by RPG Commercial, Commercial Properties
$1,200,000
Evans Activity Center
Details
Property Type Hospitality, Mixed Use
Sub Type Sports/Entertainment
Square Footage 14,000
Units 5
Cap Rate 8.37%
NOI $100,381
Brand/Tenant Evans Activity Center
Pro-Forma Cap Rate 8.37%
Pro-Forma NOI $100,381
Price per SqFt $86
Class C
Year Renovated 2018
Buildings 2
Acreage 5.700
Investment Type Value Add
14,000 SF Entertainment & Gathering Venue Business with Real Estate; Montgomery, AL
Marketing description
This vibrant and ongoing Entertainment and Gathering Venue business is now available for sale! Recently expanded and remodeled in 2018 to now include 3 Ballrooms and 2 Outdoor Pavilions. With weekend availability booked out months and sometimes years in advance this booming business is ever expanding and learning how to best offer and utilize the time and space they occupy, making it available for lease. Upside to expand usage and lease income is huge and profitable. Property has liquor license in place, but at this time does not sell alcoholic beverages. Owner wishes to retire to other pursuits and would like to see the property go to some one more energetic that could devote the time needed, for the business to reach it's full potential.
Investment highlights
With minimal expenses and most clientele opting to clean up after their own parties to re-coup deposits, there is minimal staff needed to operate.
Gross rental income in 2019 expected to reach over $140K.
Listing Contacts
Listed by RPG Commercial, Commercial Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,381.00
$8,365.08/mo
Valuation Metrics
0
DSCR
8.37%
Cap Rate
8.37%
ROI
Map
Zoning
M-1 IndustrialLight IndustrialLight Industry
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View all 15 uses
View all 15 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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