726 Bank NE St Decatur, AL 35601-1610
This exceptional 5,000-square-foot retail space, located at 726 Bank Street NE in Decatur's historic downtown, presents a unique investment opportunity. Built in 1900, this single-tenant building boasts a rich history and prime location, offering easy access to the city's core. The property sits on a 15,600-square-foot lot and is situated outside of any designated flood zone, providing added security and peace of mind. All utilities, including sewer, are readily available on-site. The building itself is constructed of brick on masonry with a TPU flat roof. Its mixed-use zoning allows for a wide range of potential uses, making it suitable for various businesses. The existing tenant, Good Vibrations Barbershop, contributes to the building's value and may attract additional foot traffic. This property offers a compelling opportunity for businesses seeking to establish a presence in Decatur's vibrant and historic downtown area. The building's historical character combined with its modern utility access makes it an attractive option for a variety of commercial ventures. The single-tenant occupancy simplifies management and provides a clear, straightforward investment. This is a rare chance to acquire a piece of Decatur's heritage and capitalize on its thriving downtown scene. The property is located in Morgan County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.