902 Grand Ave Rainbow City, AL 35906
- Retail properties
- 1.60 lot acres
Current Use by Public Records
- Retail properties
Property Details for 902 Grand Ave
- Lot size
- 1.60 lot acres
- Property type
- Retail properties
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rainbow City
- County
- Etowah
- State
- Alabama
- Longitude
- -86.0587
- Latitude
- 33.9751
