200 Hwy 78th E Jasper, AL 35501-3862
- Turn key restaurants
- 5,670 SF
- 1.50 lot acres
Current Use by Public Records
- Bedzzz Express Mattress Clearance Center / Mattress Store / Bedding Store
Property Details for 200 Hwy 78th E
- Year built
- 1977
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.50 lot acres
- Property size
- 5,670 SF
- Zone code
- O
- Property type
- Turn key restaurants
- APN
- 17-02-04-4-000-001.008
- APU
- 1702044000001008
Description
This exceptional 5,670-square-foot commercial property, situated on a 1.5-acre lot at a highly visible, signalized intersection of Mall Blvd and Hwy 78 in Jasper, presents a remarkable investment opportunity. Formerly a Jimmy's Egg restaurant, the building underwent a complete renovation in 2019, boasting updated building systems, a modern interior, renovated kitchen and restrooms, and a new security system. The property features a spacious dining area, a private party room, a large kitchen equipped with multiple coolers, and a sizable manager's office. With 57 parking spaces and a pylon sign, this location benefits from an impressive daily traffic count exceeding 30,000 vehicles. The B-2 zoning allows for diverse uses, including car washes, self-storage facilities, daycare centers, medical offices, auto sales and service, animal care, convenience stores, general retail, and restaurants. The property's strategic location near the Jasper Mall, anchored by Dunham's Sports, Belk, and the upcoming Rural King (2024), further enhances its appeal. Jasper's robust growth is evident in recent developments such as Starbucks, Whataburger, Mavis Discount Tires, a new Shell Gas Station & Quik Trip, a planned $10 million sports complex, and a new $5 million city hall. This turn-key property offers immediate occupancy and significant potential for various commercial ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,035,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,230,000
- 6.5%
- $1,110,000
- 7%
- $1,235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,355,000
- Geo Method
- $1,290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,320,000
- Retail
- $1,285,000
- Mixed-Use
- $1,025,000
- Hospitality
- $1,170,000
- Educational
- $1,210,000
- Residential Income
- $1,040,000
- Energy
- $995,000
- Income-Based Land
- $1,140,000
- Food Service
- $1,040,000
Location Insight
- Map
- Local Demand
- City
- Jasper
- County
- Walker
- State
- Alabama
- Longitude
- -87.2739
- Latitude
- 33.8503
- CBSA code
- 27530
- CBSA name
- JASPER, AL MICROPOLITAN STATISTICAL AREA
