300 Baker Rd Satsuma, AL 36572-2446
- Assisted living facilities
- 19,079 SF
- 4.99 lot acres
Current Use by Public Records
- Carrington Place / Assisted Living Facility
Property Details for 300 Baker Rd
- Year built
- 1962
- Lot size
- 4.99 lot acres
- Property size
- 19,079 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 19 08 27 2 000 014.XXX
- APU
- 1908272000014XXX
Description
This exceptional 19,000 square foot mixed-use property in Satsuma, Alabama, presents a unique investment opportunity. Located at 300 Baker Rd, 36572, this single-story, Class B building, constructed in 1960, sits on a spacious 5-acre lot. Currently vacant, the property offers significant potential for redevelopment or repurposing. The existing structure includes a 26-bedroom complex featuring eight private rooms and eighteen double-occupancy rooms, along with numerous office and activity spaces, and a separate back building. The property's strategic location offers excellent visibility, situated near Satsuma Elementary and Middle Schools at the intersection of Baker and Hartley Roads. The property is bank-owned and constructed of concrete block. A significant amount of existing furniture, fixtures, and equipment (FFE) remains on the premises and will be included in the sale. This offering presents a rare chance to acquire a substantial property with considerable upside in a desirable location. The asking price is $349,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $175,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $185,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $180,000
- Retail
- $245,000
- Mixed-Use
- $220,000
- Hospitality
- $205,000
- Educational
- $210,000
- Residential Income
- $240,000
- Energy
- $240,000
- Income-Based Land
- $225,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Satsuma
- County
- Mobile
- State
- Alabama
- Longitude
- -88.07
- Latitude
- 30.8482
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA