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    905 Grand Ave Rainbow City, AL 35906

    Sponsored
    For Sale
    $550,000

    High-traffic retail development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.1-acre commercial land parcel presents a prime opportunity for retail development in Rainbow City, Alabama. Located on West Grand Avenue (Hwy 77), a four-lane highway, this property boasts a daily traffic count of 22,000 vehicles. Its strategic location offers easy access to Interstate 59 (2 miles) and Highway 411 (2 miles), ensuring high visibility and accessibility for potential businesses. The site is also conveniently situated near major retailers, including Walmart (3 miles) and Publix (2 miles), further enhancing its appeal. The surrounding area demonstrates strong growth potential, with a population of 14,000 within a 3-mile radius and 46,000 within a 5-mile radius, boasting an average household income of $63,000. Adding to the property's desirability, a new residential development of 35 patio homes is under construction on an adjacent lot, and significant employment is nearby, with the Rainbow Industrial Park and its over 1500 employees located just half a block away. Educational institutions, including Westbrook Christian Academy (600 students) and the new Gadsden City High School (1500 students), are also within close proximity. The property is zoned HC Highway Commercial, making it suitable for a variety of uses, including car washes, oil change facilities, fast-food restaurants, and retail strip centers. The asking price for this exceptional development opportunity is $550,000.

    Property Features for 905 Grand Ave

    General Information

    Property type
    Medical space
    Lot Size
    178,596 SF

    HighLights

    • 4.1‑acre commercial land parcel in Rainbow City, AL.
    • High‑traffic location on West Grand Avenue (Hwy 77), with 22,000 vehicles daily.
    • Excellent access to I‑59 and Hwy 411, near major retailers (Walmart, Publix).
    • Strong demographics: 14,000 residents within 3 miles, $63,000 average household income.
    • HC Highway Commercial zoning, suitable for various uses (e.g., retail, restaurants, car washes).
    • Asking price: $550,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical space

    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
    -86.058723304909
    Latitude
    33.975199390286

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    FAQs

    What type of property is this?
    Medical space - High-traffic retail development opportunity.
    Where is this medical space located?
    The property is located at 905 Grand Ave Rainbow City, AL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 4.1-acre commercial land parcel in Rainbow City, AL.; High-traffic location on West Grand Avenue (Hwy 77), with 22,000 vehicles daily.; Excellent access to I-59 and Hwy 411, near major retailers (Walmart, Publix).
    Request Owner's contact information
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    Rainbow City, AL 35906
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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
    905 Grand Ave Rainbow City, AL 35906
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