Technical
Financial
Distress signals
Property profile

240 Hwy 31st NW Hartselle, AL 35640

OFF-MARKET
Retail space
Property ID
US03-1665890
73,090 SF 5.45 ac lot Built 1970
Individually Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Morgan Plaza Retail Center in Hartselle, Alabama, presents a prime retail opportunity. Located at 240 Highway 31, zip code 35640, this center offers 14,200 square feet of commercial space, with 4,200 square feet currently vacant. The property is situated in Morgan County and benefits from high visibility and easy accessibility. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 3,000 square feet, providing flexibility for various retail businesses. The center enjoys a strong anchor tenant lineup, including national brands CVS Pharmacy and Planet Fitness, ensuring high foot traffic and a vibrant retail environment. A convenient traffic signal at the property's entrance ensures easy ingress and egress for customers and employees. This location offers excellent exposure along Highway 31, making it an ideal location for businesses seeking high visibility and convenient access for customers. The property's total square footage is 14,200 square feet, with multiple tenancy options available. This is a fantastic opportunity to establish or expand your retail presence in a thriving community. Contact us today to learn more about leasing opportunities.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Total area 73,090 SF
Lot 5.45 ac (237,392 SF)
APN 15-05-15-1-015-003.000
UPID US03-1665890

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
  • (Bike/Boat/Book/etc) Store
  • Currency Exchange Service Atm
  • Atm
  • Crypto Atm
  • Car Rental Facility

Location

240 Hwy 31st NW Hartselle, AL 35640
Hartselle metro Census 5303 DECATUR, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.89M
Blend (final) Blend
$1.00M

Owner & transaction history

since 2017
4 recorded transactions
2017
$230,000
2017
Price N/A
2015
$1.6M
2015
Price N/A

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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