Property profile

1516 SE 6Th Ave Decatur, AL 35601

FOR LEASE
Retail space
Property ID
US03-1758175
93,712 SF 11.04 ac lot Built 1961
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The Decatur Shopping Center offers a fantastic opportunity for retail businesses seeking space in a thriving commercial area. This single-story center totals 81,191 square feet and features five individual suites, providing flexibility for various tenant needs. Currently, there are 26,032 square feet of vacant space available, with suite sizes ranging from a minimum of 1,222 square feet to a maximum of 16,800 square feet. The property boasts a freshly painted awning, enhancing its curb appeal and visibility. The asking rent is $7.00 per square foot per month. This prime retail location offers high visibility and accessibility, making it an ideal space for businesses seeking to establish or expand their presence. The multiple suite configuration allows for a variety of tenant combinations, catering to businesses of different sizes and requirements. The minimum divisible space of 1,222 square feet provides an excellent entry point for smaller businesses, while larger spaces are available for those requiring more extensive footprints. This is a unique opportunity to secure retail space in a desirable and well-maintained shopping center. Contact us today to learn more about leasing options and availability.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 93,712 SF
Lot 11.04 ac (481,120 SF)
APN 03-09-29-2-023-009.000
UPID US03-1758175

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

1516 SE 6Th Ave Decatur, AL 35601
Decatur metro Census 300 DECATUR, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$2.50M

Owner & transaction history

since 2021
Last sale
$2.4M
2 recorded transactions
2021
Price N/A
2021
$2.4M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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