102 Court St Wetumpka, AL 36092
- Retail space
- 8,313 SF
- 0.26 lot acres
Current Use by Public Records
- B&B Health Boutique / Lingerie Store / Boutique
- Sweetest Smiles Photography / Photography
Property Details for 102 Court St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.26 lot acres
- Property size
- 8,313 SF
- Property type
- Retail space
- APN
- 17-04-18-3-301-048.000
- APU
- 1704183301048000
Description
This captivating 1900s building in Wetumpka, Alabama's vibrant downtown, presents a unique investment opportunity. Situated steps from the historic bridge and Coosa River, this property benefits from its central location within a bustling commercial district. The building's prime position places it at the heart of over 200 annual events, including those featured in HGTV's "Home Town Takeover" and the film "Big Fish." Its proximity to the Wetumpka Impact Crater, Arts Alive, Octoberfest, Charles Dickens Christmas, and other cultural events ensures consistent foot traffic and visibility. The property is also conveniently located just one block from the Courthouse Annex, further enhancing its strategic value. The building's versatile layout includes a top floor plumbed for three loft apartments and a ground floor previously used for retail and a spa, offering flexibility for a variety of commercial uses. This property represents a significant opportunity to become a cornerstone of Wetumpka's continued growth and prosperity, ideal for entrepreneurs seeking a unique and established location to launch or expand their business. The building's rich history and prime location combine to create a compelling investment prospect in a thriving Alabama community. The asking price is $580,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $235,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $280,000
- Mixed-Use
- $240,000
- Hospitality
- $230,000
- Educational
- $290,000
- Residential Income
- $235,000
- Energy
- $230,000
- Income-Based Land
- $260,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Wetumpka
- County
- Elmore
- State
- Alabama
- Longitude
- -86.2054
- Latitude
- 32.5375
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
