Current Use by Public Records
- Retail properties & Spaces
Property Details for 1031 Wilmer Ave
- Year built
- 1972
- Lot size
- 0.36 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This 7,735-square-foot former Firestone building, situated on a 0.36-acre lot in Anniston, Alabama, presents a compelling investment opportunity. Priced at $539,000, this single-tenant retail property boasts a Class C designation and a NNN lease type. Built in 1972, the building features eight overhead doors and is currently 100% occupied, with the lease expiring May 17, 2024. Its prime location on Wilmer Avenue, just one block from Quintard Avenue (36,000 vehicles daily), offers exceptional visibility and accessibility. The property's zoning is UC1, and its location within an Opportunity Zone adds significant investment appeal. While currently outside the Urban Core District, potential boundary changes could further enhance its value. The property's versatility allows for continued use as an auto repair or tire shop, or repurposing for other office, warehouse, or retail uses. The parcel number is 21-03-08-2-001-028.000. This is a rare chance to acquire a well-located, functional building with significant upside potential. The price per square foot is $69.68.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anniston
- County
- Calhoun
- State
- Alabama
- Longitude
- -85.8284
- Latitude
- 33.6584
