225 Grant SE St Decatur, AL 35601-2511
- Warehouses
- 7,800 SF
- 0.32 lot acres
May 22, 2025
Current Use by Public Records
- McBride Richardson, P.C. / Attorney / Title Company
- Richardson Christy / Attorney
- Murphy Morgan R / Attorney
Property Details for 225 Grant SE St
- Year built
- 1998
- Lot size
- 0.32 lot acres
- Property size
- 7,800 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 03-04-19-1-012-004.000
- APU
- 304191012004000
Description
This exceptional investment opportunity presents a fully occupied, three-building mixed-use property totaling 28,000 square feet, situated on Grant Street in Decatur, Alabama's vibrant downtown area. The property boasts four tenants under long-term leases, ensuring a stable income stream and a strong 7.50% capitalization rate. With a current Net Operating Income (NOI) of $160,000 and an asking price of $2,133,000, this offering presents a compelling return on investment. The property comprises three separate buildings, each contributing to the diverse tenant mix encompassing creative office, storefront, and traditional office spaces. The buildings benefit from a combined 200 feet of street frontage and convenient access to all utilities. The property's location within the growing Downtown Decatur area offers significant potential for future appreciation in property value and rental income. The zoning is B5, allowing for a variety of uses. Individual building addresses are 225, 227, 229, and 231 Grant Street SE, Decatur, AL 35601. Detailed financial information is available upon request. This is a rare opportunity to acquire a stable, high-performing investment property in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -86.984
- Latitude
- 34.6015
- CBSA code
- 19460
- CBSA name
- DECATUR, AL METROPOLITAN STATISTICAL AREA
