10052 Highway 119 Alabaster, AL 35007
- Retail space
- 5,000 SF
- 3.83 lot acres
Current Use by Public Records
- Quality Innovations LLC / House Cleaning Service / Commercial Cleaning Service
- Nationwide Insurance: Bentley Insurance Inc. / Insurance Agency / Auto Insurance Agency
- Cornerstone Tree Service, LLC / Tree Service / Demolition Contractor
- X3 Construction / Contractor
- 1 Percent Lists Legacy / Real Estate Agency / Real Estate Agent
Property Details for 10052 Highway 119
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 3.83 lot acres
- Property size
- 5,000 SF
- Property type
- Retail space
- APN
- 231112001008000
- APU
- 231112001008000
Description
This exceptional 7.3-acre commercial land parcel presents a remarkable investment opportunity in Alabaster, Alabama. Located at 10052 Hwy 119, this prime corner property boasts approximately 575 feet of frontage on Highway 119, ensuring unparalleled visibility and accessibility. The property is situated in the heart of the Alabaster Overlay District, benefiting from a high traffic count exceeding 30,000 vehicles daily. Its strategic location directly across from the future Alabaster Recreational Complex and a planned retail development promises significant future growth and value appreciation. The B-3 zoning designation allows for a wide range of commercial uses, providing flexibility for diverse development plans. All utilities are readily available, simplifying the development process. This property's exceptional location, combined with its size and zoning, makes it an ideal site for a variety of commercial ventures, capitalizing on the area's robust growth and high traffic volume. The asking price is $4,800,000. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving Alabama community. The Shelby County address is 10052 Hwy 119, Alabaster, AL 35007.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,300,000
- 6.5%
- $1,150,000
- 7%
- $1,225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,455,000
- Geo Method
- $1,105,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,345,000
- Retail
- $1,185,000
- Mixed-Use
- $1,000,000
- Hospitality
- $1,170,000
- Educational
- $1,235,000
- Residential Income
- $1,095,000
- Energy
- $1,115,000
- Income-Based Land
- $1,125,000
- Food Service
- $1,100,000
Location Insight
- Map
- Local Demand
- City
- Alabaster
- County
- Shelby
- State
- Alabama
- Longitude
- -86.8229
- Latitude
- 33.2249
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
