3020 Pump House RdVestavia Hills, AL 35243

  • Office properties
  • 3,580 SF
For Sale
$1,500,000 View listing

Property Details for 3020 Pump House Rd

Year built
1938
Lot size
0.59 AC
Property size (Sq ft)
3,580 SF
Zone code
CP
Property type
Office properties
Property subtype
Other office properties
APN
28-00-22-2-007-002.000
APU
2800222007002000

Description

This exceptional 0.63-acre commercial land parcel presents a unique ground lease opportunity in Vestavia Hills, Alabama. Situated at the highly visible, lighted intersection of Pump House Road and Dolly Ridge Road, this property boasts exceptional traffic counts and unparalleled exposure. Its strategic location offers easy access to key thoroughfares, including Highway 280 and Interstate 459, as well as the popular Summit shopping center. The property is zoned O-1 within Jefferson County and is ideal for a single-tenant commercial development. The site's prominent position ensures maximum visibility for any business, making it an attractive investment for a variety of commercial ventures. This is a single-tenant property, offering a streamlined and efficient development process. Interested parties are encouraged to inquire about pricing and lease terms. The property's address is 3020 Pumphouse Rd, Vestavia Hills, AL 35243. This is a rare opportunity to secure a highly desirable commercial location in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $757,186
    6.5%
    $698,941
    7%
    $649,016
  • Comparable approach

    Method
    Valuation
    Relative Method
    $583,146
    Geo Method
    $698,315
  • Alternative Use

    Use
    Valuation
    Residential
    $866,686
    Hospitality
    $793,880
    Educational
    $660,499
    Medical
    $683,214
    Retail
    $1,027,443
3020 Pump House Rd, Vestavia Hills, Alabama

Location Insight

City
Vestavia
County
Jefferson
State
Alabama
Latitude
33.457
Longitude
-86.7378
CBSA code
13820
CBSA name
BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,779
$92,520
$33,080
$125,600
-
$462,600
$165,400
$628,000

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