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    902 Grand Ave Rainbow City, AL 35906

    For Sale
    $475,000

    1.6-acre commercial outparcel, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 1.6-acre commercial land parcel presents a prime retail investment opportunity in Rainbow City, Alabama. Located on Highway 77 (a four-lane road), this HC Highway Commercial zoned property boasts exceptional visibility and accessibility. Its strategic position offers proximity to major thoroughfares, including Interstate 59 (two miles) and Highway 411 (two miles), ensuring high traffic volume. The site benefits from a daily traffic count of 22,000 vehicles. Furthermore, the property is conveniently located near significant retail anchors such as Walmart (three miles) and Publix (two miles), enhancing its appeal to potential tenants. The surrounding area demonstrates strong demographic indicators, with a population of 14,000 within a three-mile radius and 46,000 within a five-mile radius, and an average household income of $63,000. Adding to its desirability, the property is situated near the Rainbow Industrial Park, employing over 1,500 individuals, and adjacent to a development of 35 patio homes currently under construction. Educational institutions, including Westbrook Christian Academy (600 students, half a mile away) and the new Gadsden City High School (1,500 students, within one mile), further contribute to the area's vibrant community. The asking price for this exceptional retail outparcel is $475,000.

    Property Features for 902 Grand Ave

    General Information

    Property type
    Land
    Lot Size
    69,696 SF

    HighLights

    • 1.6‑acre commercial land parcel in Rainbow City, AL, zoned HC Highway Commercial.
    • High‑visibility location on four‑lane Highway 77, with 22,000 daily vehicles.
    • Excellent access to I‑59 and Hwy 411 (within 2 miles).
    • Near major retailers (Walmart, Publix) and a large industrial park (1,500+ employees).
    • Strong demographics: 14,000 residents within 3 miles, $63,000 average household income.
    • Asking price: $475,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rainbow City
    County
    Etowah
    State
    Alabama
    Longitude
    -86.0586823
    Latitude
    33.975069

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    FAQs

    What type of property is this?
    Land - 1.6-acre commercial outparcel, high traffic.
    Where is this land located?
    The property is located at 902 Grand Ave Rainbow City, AL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 1.6-acre commercial land parcel in Rainbow City, AL, zoned HC Highway Commercial.; High-visibility location on four-lane Highway 77, with 22,000 daily vehicles.; Excellent access to I-59 and Hwy 411 (within 2 miles).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    902 Grand Ave Rainbow City, AL 35906
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