2405 Decatur Hwy Gardendale, AL 35071
- Warehouses
- 45,000 SF
- 4.00 lot acres
Current Use by Public Records
- Metro Marketing Groups, Inc. / Internet Marketing Service / Marketing Consultant
- Retro Sisters Alabama / Antique Store
- Gardendale Flea Mall & Antique Center / Antique Store / Antique Furniture Store
- Boat Cleaner Pro, Inc. / Establishment
Property Details for 2405 Decatur Hwy
- Year built
- 1975
- Lot size
- 4.00 lot acres
- Property size
- 45,000 SF
- Zone code
- I1
- Property type
- Warehouses
- APN
- 14-00-02-1-001-003.000
- APU
- 1400021001003000
Description
This exceptional investment opportunity presents a 44,264-square-foot mixed-use building in Gardendale, Alabama, situated on approximately 4-5 acres. The property, located at 2405 Decatur Highway, Suite 100, boasts a successful, established flea market and antique center occupying the upper level (22,132 sq ft), generating consistent income for over 20 years and achieving 100% occupancy as of May 5, 2024. The lower level (also 22,132 sq ft) offers significant potential for an industrial tenant or owner-user. This space features 14-foot ceilings, LED lighting, a sprinkler system, two large drive-in garage doors, and ample outdoor storage space. The building, constructed in 1975 and renovated in 2013, is classified as Class B and benefits from I1 light industrial zoning. The property includes 80 parking spaces per 1,000 square feet, two loading docks, and a 400-amp, 3-phase electrical system. The asking price is $1,600,000, translating to $36.15 per square foot. The property is offered fee simple with a NNN lease structure and features a 10-year-old roof and HVAC units. Its convenient location offers immediate access to I-65 exit 112 (Mt. Olive), approximately 20 miles north of Birmingham. This is a value-add investment opportunity with a strong existing tenant and high potential for future growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $455,000
- 6.5%
- $430,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $440,000
- Mixed-Use
- $420,000
- Hospitality
- $400,000
- Educational
- $475,000
- Residential Income
- $370,000
- Energy
- $365,000
- Income-Based Land
- $380,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Gardendale
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8186
- Latitude
- 33.6804
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
