540 Deatsville Hwy Millbrook, AL 36054
- Commercial real estate
- 7,459 SF
- 1.80 lot acres
Current Use by Public Records
- Restoration Community Center / Community Center
Property Details for 540 Deatsville Hwy
- Lot size
- 1.80 lot acres
- Property size
- 7,459 SF
- Property type
- Commercial real estate
- APN
- 1505210003003.000
Description
This 1.8-acre commercial lot, located at 540 Deatsville Highway in Millbrook, Alabama (zip code 36054), is offered at $575,000. The property is zoned C-1 and boasts excellent visibility from Deatsville Highway. Previously improved, the site is now vacant and presents a unique opportunity for redevelopment. The lot offers ample space for on-site parking, catering to both customers and employees. Its strategic location provides easy access to major transportation arteries. Specifically, it's conveniently situated near Highway 14, offering quick access to I-65 Exit 181 (3 miles away) and Interstate 85 (15 minutes south). High traffic counts further enhance the property's appeal: Deatsville Highway sees an average annual daily traffic (AADT) of approximately 16,132 vehicles, while AL Highway 14 boasts an AADT of approximately 23,880 vehicles. The total land area is 7,459 square feet, resulting in a price per square foot of $77.09. The property's assessed parcel number (APN) is 1505210003003.000. This is a net-net (NN) lease opportunity for a single tenant. The property is currently vacant. This presents a compelling investment opportunity with a projected 11% capitalization rate.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Millbrook
- County
- Elmore
- State
- Alabama
- Longitude
- -86.3746119
- Latitude
- 32.5246663
