701 Logan Rd Clanton, AL 35045-9209
- Investment properties
- 5,760 SF
- 0.51 lot acres
Apr 29, 2022
Current Use by Public Records
- The Rinehart Agency / Insurance Agency
Property Details for 701 Logan Rd
- Year built
- 1988
- Lot size
- 0.51 lot acres
- Property size
- 5,760 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 1803070000022002
- APU
- 1803070000022002
Description
This 7,394 square foot retail shopping center presents a compelling value-add opportunity in Clanton, Alabama. Located on a prime retail corridor, this multi-tenant property boasts a strategic position next to a Walmart Supercenter and directly across the street from Chilton County High School, Clanton Middle School, and Clanton Country Club. The high traffic count of 15,297 vehicles daily on US Highway 31 ensures significant visibility and accessibility. Currently, short-term leases are in place at below-market rates, offering immediate potential for increased revenue through lease renewals and adjustments. The property's asking price is $955,000, representing a price per square foot of $129.16. A pro-forma NOI of $80,443 projects an attractive 8.00% cap rate, making this an ideal investment for those seeking strong returns in a thriving Alabama market. The property's existing tenant base provides a stable foundation for future growth and value appreciation. This is a rare opportunity to acquire a well-located retail center with significant upside potential. The property is situated at 701 Logan Road, Clanton, AL 35045.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clanton
- County
- Chilton
- State
- Alabama
- Longitude
- -86.6128
- Latitude
- 32.8203
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
