Mixed-Use Development
4009 US Highway 31 S Decatur, AL 35603
4009 US Highway 31 S, Decatur, AL, 35603
$400,000
For Sale
$400,000
COMMERCIAL - Decatur, AL
Property Size3,025 SF
Lot Size5.60 Acres
Price / SF$132.23
Days on Market100
Property Features for 4009 US Highway 31 S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- TAX ID's 77823, 27160 & 27159
- Size
- 3,025 SF
- Lot size
- 5.60 Acres
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Wood, Carpet, Vinyl
- Roof type
- Shingle
Listing Agency
Re/Max Unlimited
(256) 327-7600
8331 Madison Blvd. Suite 600, Madison, AL
Listed by
Brian Dean · License #69186
(256) 975-9244
Added: Apr 9 Checked: Jul 17 at 10:06 am
MLS# 21914641
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Investment Insights
Based on property information with market context.
This offering includes three parcels being sold together only. The property totals 5.6 acres and features an existing setup that includes two homes, which the seller notes could be used for business, leased out with another business built behind, or removed for redevelopment. All items are sold “AS IS,” and the current zoning is Community Commercial, as confirmed by Chad Bowman, planning director at the City of Decatur.
The parcels have over 200 feet of road frontage on US Highway 31 S, providing direct visibility and convenient access from a major roadway. The seller describes the zoning and frontage as supporting a range of uses, including mixed use, small business, warehouse, retail, and house of worship applications.
For buyers and tenants looking for flexible commercial space with room to adapt, the combination of Community Commercial zoning, highway frontage, and existing structures can support a variety of operational and redevelopment approaches. Interested parties should review the “AS IS” condition and confirm zoning and permitted uses for their intended concept prior to closing.
The parcels have over 200 feet of road frontage on US Highway 31 S, providing direct visibility and convenient access from a major roadway. The seller describes the zoning and frontage as supporting a range of uses, including mixed use, small business, warehouse, retail, and house of worship applications.
For buyers and tenants looking for flexible commercial space with room to adapt, the combination of Community Commercial zoning, highway frontage, and existing structures can support a variety of operational and redevelopment approaches. Interested parties should review the “AS IS” condition and confirm zoning and permitted uses for their intended concept prior to closing.
Key Highlights
- 3 parcels to be sold together only
- Zoned Community Commercial (per City of Decatur planning director Chad Bowman)
- Over 200 ft road frontage on US Highway 31 S
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.6k | $17.40 |
| − Vacancy | −$11.6k | −$3.83 |
| EGI | $41.1k | $13.57 |
| − OpEx | −$10.3k | −$3.39 |
| NOI | $30.8k | $10.18 |
3,025 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$439.9K
$384.9K – $513.2K
NOI $30,791 @ 7.0% cap · market cap 7.70%
Second Best
Retail
$357.4K
$312.7K – $416.9K
NOI $25,016 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$629.3K
$550.7K – $734.2K
NOI $44,054 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three parcels totaling 5.6 acres are zoned Community Commercial with over 200 feet of US Highway 31 S frontage.
Where is this mixed-use property located?
The property is located at 4009 US Highway 31 S Decatur, AL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 3 parcels to be sold together only; Zoned Community Commercial (per City of Decatur planning director Chad Bowman); Over 200 ft road frontage on US Highway 31 S
