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    1701 Central Pkwy Decatur, AL 35601

    For Lease
    $84 SF/Yr

    6,000 SF, High-Traffic Location, Ample Parking

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial property, located at 1701 Central Pkwy SW in Decatur, Alabama, presents a unique leasing opportunity. The single-tenant building offers 6,000 square feet of versatile space, ideal for retail or traditional office use. Constructed in 1974, this Class C building sits on a 0.46-acre lot and boasts convenient surface parking, a significant advantage for both employees and customers. The property's M1 zoning allows for a variety of commercial uses. Situated on a high-traffic section of Central Parkway, this location ensures excellent visibility and accessibility. The property includes an additional vacant lot adjacent to the main building, offering potential for expansion or future development. The building is a single-story structure and is not located within a flood zone. All necessary utilities are readily available on-site. This is an excellent opportunity to secure a well-located commercial property in a thriving Decatur market. The combination of ample space, convenient parking, and prime location makes this property an attractive investment for a variety of businesses.

    Property Features for 1701 Central Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Class
    C
    Total Rate
    42000

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    6,000 SF
    Rate per SF
    $84
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Buddy's Auto & Brake ... Auto Repair Shop Affordable Signs & More Sign Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -86.9862644
    Latitude
    34.580354

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    FAQs

    What type of property is this?
    Office Property / Space - 6,000 SF, High-Traffic Location, Ample Parking
    Where is this office property / space located?
    The property is located at 1701 Central Pkwy Decatur, AL.
    What is the lease rate?
    The lease rate is $84 SF/Yr.
    Request Owner's contact information
    1701 Central Pkwy Decatur, AL 35601
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    Decatur, AL 35601
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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
    1701 Central Pkwy Decatur, AL 35601
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