2703 Highway 31 Decatur, AL 35603
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.