250 Riverchase PkwyHoover, AL 35244

Property Details for 250 Riverchase Pkwy

Year built

1995

Lot size

53.00 AC

Property size (Sq ft)

241,163 SF

Property type

Office buildings

APN

104190001001029

APU

104190001001029

Description

This exceptional 90-acre commercial land parcel presents a unique investment opportunity in the thriving city of Hoover, Alabama. Located at 250 Riverchase Pkwy E, this single-tenant property offers unparalleled potential for large-scale development. The expansive lot size provides ample space for a variety of commercial ventures, catering to diverse business needs. Situated in Shelby County, this property benefits from excellent access to major transportation routes, ensuring convenient connectivity for businesses and employees. The address, 250 Riverchase Pkwy E, Hoover, AL 35244, places the land in a high-visibility area with significant potential for attracting a wide customer base. With its substantial acreage and strategic location, this property is ideal for developers seeking a prime location to build a substantial commercial project. The property is designated for commercial use and is available for lease. The sheer scale of the land allows for flexibility in design and development, accommodating a range of commercial building sizes and configurations. This is a rare opportunity to acquire a significant land holding in a highly desirable area of Hoover, offering exceptional long-term growth potential. The property's size and location make it an attractive proposition for businesses seeking a prominent presence in a rapidly growing market. Detailed site plans and zoning information are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $51,007,024

  6.5%

  $47,083,408

  7%

  $43,720,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,283,036

  Geo Method

  $47,041,256

• Alternative Use

  Use

  Valuation

  Residential

  $58,383,428

  Hospitality

  $53,478,904

  Educational

  $44,493,820

  Medical

  $46,024,032

  Retail

  $69,212,608

Location Insight

City

Hoover

County

Shelby

State

Alabama

Latitude

33.3623

Longitude

-86.7814

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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