1727 6Th Ave Decatur, AL 35601
- Retail properties
- 6,000 SF
- 0.34 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1727 6Th Ave
- Year built
- 1957
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.34 lot acres
- Property size
- 6,000 SF
- Property type
- Retail properties
- APN
- 03-09-29-3-002-017.001
- APU
- 309293002017001
Description
This exceptional 6,000-square-foot retail space is ideally situated at 1727 6th Avenue SE in Decatur, Alabama, within the highly desirable 35601 zip code. The property boasts a single-tenant occupancy, offering a blank canvas for a wide range of commercial ventures. Currently entirely vacant, this presents a unique opportunity for immediate occupancy and customization. The building is zoned M-1, providing flexibility for various retail uses. Its location on bustling 6th Avenue ensures high visibility and foot traffic, surrounded by a thriving mix of restaurants and shops, creating a vibrant and attractive commercial environment. The property's substantial size offers ample space for a large-scale retail operation or the potential for subdivision into smaller units (subject to zoning approvals). With its prime location and significant square footage, this property represents a compelling investment opportunity in a dynamic and growing Alabama market. The county is Morgan County. The property's address is confirmed as 1727 6th Ave SE, Decatur, AL 35601. The total building square footage is 6,000 square feet, all of which is currently vacant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $155,000
- 6.5%
- $180,000
- 7%
- $165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $170,000
- Geo Method
- $150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $160,000
- Retail
- $145,000
- Mixed-Use
- $180,000
- Hospitality
- $150,000
- Educational
- $155,000
- Residential Income
- $200,000
- Energy
- $165,000
- Income-Based Land
- $155,000
- Food Service
- $175,000
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -86.9783
- Latitude
- 34.5793
- CBSA code
- 19460
- CBSA name
- DECATUR, AL METROPOLITAN STATISTICAL AREA