Property summary
This exceptional investment opportunity presents a 576 square foot, single-tenant office building situated on a sizable 7,000 square foot lot in Decatur, Alabama. Located in the evolving 6th Avenue corridor, this property boasts a prime corner location at the intersection of 7th Avenue SE and 11th Street, offering excellent visibility and accessibility. The building, constructed in 1980, is classified as a Class B property and currently enjoys 100% occupancy under a three-year net lease. The property's zoning designation is RD2, allowing for redevelopment potential. This presents a unique chance to acquire a stable income-generating asset with significant upside potential in a developing area. The asking price is $249,900. Showings are by appointment only with 48 hours' notice. The property features one building, one story, and is situated on a 50' x 140' lot. The APN is 0309292018009.000. This is a rare opportunity to acquire a well-located, income-producing property in a growing market. Don't miss out on this chance to add a valuable asset to your portfolio.
Property profile
VerifiedCap rate & NOI
Current use
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Construction Company
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Car Dealership
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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