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    502-524 Lafayette St Decatur, AL 35601

    For Lease
    $70,000

    Prime Decatur location, 1-acre commercial lot.

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the heart of Decatur, Alabama. Located at 502-524 Lafayette St NE, this property boasts significant frontage on three streets: 6th Avenue, Lafayette Street, and Well Street, offering unparalleled visibility and accessibility. The lot is zoned B-2, providing flexibility for a wide range of commercial uses. Previously occupied buildings have been cleared, leaving a clean slate for development. The property's convenient location places it in close proximity to Decatur's vibrant downtown area, offering easy access to a variety of dining and retail establishments. This high-traffic location on 6th Avenue ensures maximum exposure for any business. The 1-acre size provides ample space for a substantial development project. Situated in Morgan County, Alabama, with a zip code of 35601, this property offers a strategic location for businesses seeking to establish a presence in a thriving community. The coordinates are 34.609011 latitude and -86.979545 longitude. This is a rare opportunity to acquire a cleared, commercially zoned lot in a prime Decatur location. Don't miss out on this chance to build your business in a high-visibility, high-traffic area.

    Property Features for 502-524 Lafayette St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF
    Total Rate
    70000

    Unit(s) available at that property

    Space
    Size
    43,560 SF
    Rate per SF
    $70,000

    HighLights

    • High‑profile 6th Avenue frontage.
    • Cleared, ready‑to‑build site.
    • Excellent Downtown Decatur location.
    • Convenient I‑65 access via Hudson Memorial Bridge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.979545
    Latitude
    34.609011

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    FAQs

    What type of property is this?
    Land - Prime Decatur location, 1-acre commercial lot.
    Where is this land located?
    The property is located at 502-524 Lafayette St Decatur, AL.
    What is the lease rate?
    The lease rate is $70,000.
    What are key features of this property?
    This property features: High-profile 6th Avenue frontage.; Cleared, ready-to-build site.; Excellent Downtown Decatur location.
    Request Owner's contact information
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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
    502-524 Lafayette St Decatur, AL 35601
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