13 Vine NW St Decatur, AL 35601-1625
This exceptional 2,896 square foot building, completely renovated in 2024, presents a unique investment opportunity in Decatur, Alabama. Located at 13 Vine St NW, this single-story, 3,300 square foot lot property is zoned M-1, offering versatility for various uses including bar, restaurant, or storefront retail. The building, constructed in 1900, features a brick, masonry, slab, and wood frame exterior with a durable TPO flat roof, presenting potential for rooftop expansion (subject to Decatur City approval of a life safety plan). All utilities are readily available, and convenient street parking is nearby. Its prime location in the heart of downtown Decatur, bordering both the A&E and Historic Districts, places it within easy reach of the Historic Decatur Union Depot and benefits from the area's revitalization and influx of new businesses. This owner/user property offers a rare chance to establish a thriving business in a vibrant and growing community. The asking price is $499,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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