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Property profile & analytics
OFF-MARKET
Commercial real estate

2703 Highway 31 Decatur, AL 35603

2,278 SF
Property ID
US03-1456475
Property summary
AI-generated overview

This exceptional Decatur, Alabama commercial property, located at 2703 Highway 31 S, offers a unique opportunity for a variety of businesses. The property encompasses over one acre of land, measuring approximately 164 feet of road frontage by 250 feet deep, providing ample space and high visibility. The existing 2,278 square foot house features three bedrooms and two bathrooms, offering potential for office space or conversion. A significant asset is the 20 x 40 foot detached building, equipped with four garage doors and a separate breaker box, perfect for storage, workshops, or additional business operations. The main house boasts a recently replaced central unit (within the last year) and a roof that is approximately 11-12 years old. The property is well-maintained, featuring well-kept grounds and a security alarm system encompassing both the house and the detached building. Located in Morgan County, Alabama, with a Decatur zip code of 35603, this property presents a compelling investment opportunity for entrepreneurs seeking a versatile and established location. The property's size, existing structures, and prominent road frontage make it particularly suitable for a medical practice or other professional services. This is a rare chance to acquire a substantial commercial property in a thriving area.

Property profile
Verified
Property type Commercial real estate
Total area 2,278 SF
UPID US03-1456475
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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