1814 George Wallace Hwy Russellville, AL 35654
- Retail space
- 8,268 SF
- 1.06 lot acres
Current Use by Public Records
- FedEx OnSite / Mailing Service
- Fiesta Palace Event Center / Event Venue
Property Details for 1814 George Wallace Hwy
- Year built
- 2002
- Lot size
- 1.06 lot acres
- Property size
- 8,268 SF
- Property type
- Retail space
- APN
- 22-08-27-0-001-003.001
- APU
- 2208270001003001
Description
This exceptional 8,190 square foot commercial building is situated on a highly visible 1.06-acre lot directly on Highway 43 in Russellville, Alabama. The property boasts ample parking at the front and additional space to the side and rear of the building, ensuring convenient access for customers and employees. The versatile interior layout includes a kitchen, a private room, a large open area, and restrooms, offering flexibility for a wide range of business uses. Previous uses have included a popular local venue, demonstrating its adaptability. The building's size and location make it ideal for various commercial ventures, including but not limited to fitness centers, restaurants, daycare facilities, heated storage units, retail spaces, or office spaces. The property's prominent highway frontage ensures high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the Russellville market. All information should be independently verified by the buyer. This is a rare opportunity to acquire a well-located, spacious commercial building with significant potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $250,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $310,000
- Mixed-Use
- $280,000
- Hospitality
- $225,000
- Educational
- $245,000
- Residential Income
- $240,000
- Energy
- $305,000
- Income-Based Land
- $230,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Russellville
- County
- Colbert
- State
- Alabama
- Longitude
- -87.6728
- Latitude
- 34.5948
- CBSA code
- 22520
- CBSA name
- FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA