3020 Pumphouse RdVestavia Hills, AL 35243

Property Details for 3020 Pumphouse Rd

Year built

1938

Lot size

0.59 AC

Property size (Sq ft)

3,580 SF

Zone code

CP

Property type

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.

• 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

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

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