7040 Bankhead HwyDora, AL 35062

  • Retail properties
  • 5,480 SF
For Sale
$199,900 View listing

Property Details for 7040 Bankhead Hwy

Year built
1970
Lot size
1.80 AC
Property size (Sq ft)
5,480 SF
Zone code
I1
Property type
Retail properties
Property subtype
Gas stations
APN
06-00-19-0-000-046.002
APU
600190000046002

Description

This exceptional 1.8-acre industrial property located at 7040 Bankhead Highway in Dora, Alabama, presents a fantastic opportunity for a variety of businesses. Priced at $199,900, this property offers ample space for a wide range of uses. The existing shop building is ideally suited for automotive repair, boat maintenance, or any trade requiring a substantial workspace. The expansive 1.8-acre lot provides generous room for expansion, storage, or outdoor operations. The property's location in Dora, Alabama offers convenient access to transportation routes, making it an attractive location for businesses needing easy access to major highways. This is a turnkey opportunity for an entrepreneur seeking a well-situated industrial space. The property is ready for immediate occupancy, allowing for a quick start to operations. Serious inquiries are encouraged to explore the potential of this versatile industrial property. The square footage of the building is not currently available, but the substantial lot size and existing structure offer significant potential. This is a rare opportunity to acquire a well-located industrial property at an attractive price point. Don't miss out on this chance to establish or expand your business in a prime location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,703,794
    6.5%
    $1,572,733
    7%
    $1,460,395
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,249,446
    Geo Method
    $2,693,700
  • Alternative Use

    Use
    Valuation
    Residential
    $1,326,660
    Hospitality
    $1,215,213
    Educational
    $1,011,043
    Medical
    $1,045,814
    Retail
    $1,572,733
7040 Bankhead Hwy, Dora, Alabama
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Location Insight

City
Dora
County
Jefferson
State
Alabama
Latitude
33.7158
Longitude
-86.9938
CBSA code
13820
CBSA name
BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,477
$3,780
$35,600
$39,380
-
$18,900
$178,000
$196,900

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