3041 Lorna RdHoover, AL 35216

Property Details for 3041 Lorna Rd

Year built

2015

Lot size

0.75 AC

Property size (Sq ft)

2,596 SF

Zone code

CP

Property type

Office properties

APN

39-00-01-3-007-003.000

APU

3900013007003000

Description

This exceptional commercial property, located at 3041 Lorna Road in Hoover, Alabama, presents a unique investment opportunity for cash buyers. Situated on a 0.75-acre lot, the building enjoys a prime location with high traffic counts, ensuring excellent visibility and accessibility for businesses. Currently occupied, the property offers immediate cash flow with a lease agreement extending until July 30, 2027. This provides a secure investment with a guaranteed income stream for the foreseeable future. The building's size is not specified, however, the high traffic count and existing lease suggest strong potential for continued occupancy and rental income beyond the current lease term. The property's strategic location in Hoover, a thriving city in Alabama, makes it an attractive proposition for investors seeking a stable and potentially appreciating asset. Given the "cash buyers only" stipulation, this presents a streamlined acquisition process for qualified investors. This is an excellent opportunity to acquire a well-situated commercial property with a proven track record and significant upside potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $549,065

  6.5%

  $506,830

  7%

  $470,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $422,862

  Geo Method

  $506,376

• Alternative Use

  Use

  Valuation

  Residential

  $628,469

  Hospitality

  $575,674

  Educational

  $478,954

  Medical

  $495,426

  Retail

  $745,039

Location Insight

City

Hoover

County

Jefferson

State

Alabama

Latitude

33.4053

Longitude

-86.8045

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].