350 State Farm PkwyHomewood, AL 35209
- Mixed-use properties
- 9,054 SF
Property Details for 350 State Farm Pkwy
- Year built
- 2000
- Lot size
- 1.31 AC
- Property size (Sq ft)
- 9,054 SF
- Zone code
- PMUD
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 29-00-26-2-000-022.000
- APU
- 2900262000022000
Description
This exceptional retail opportunity in Homewood, Alabama, offers up to 3,900 square feet of versatile space in a 7,976 square foot building with three suites total. The property is ideally situated in a high-traffic retail corridor along State Farm Parkway and Lakeshore Parkway, benefiting from excellent visibility and accessibility. This end-cap space is shadow-anchored by a Lowe's and enjoys proximity to four hotels: Country Inn & Suites (62 rooms), Hilton Garden Inn (95 rooms), Suburban Studios (127 rooms), and Four Points by Sheraton (108 rooms), ensuring a steady flow of potential customers. The location boasts a strong concentration of national retailers, including AllSouth Appliance, Walmart, Sam's Wholesale Club, Planet Fitness, Hobby Lobby, and PNC Bank, creating a vibrant and attractive retail environment. Two spaces are available, ranging from 1,950 to 3,900 square feet, offering flexibility for various business needs. The property is located at 350 State Farm Parkway, Homewood, AL 35209, in Jefferson County. This prime location offers exceptional potential for businesses seeking high visibility and strong customer traffic in a thriving retail market. The property is categorized as Retail, End Cap, Office, and Service, providing diverse usage possibilities.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,914,960
- 6.5%
- $1,767,656
- 7%
- $1,641,395
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,474,806
- Geo Method
- $1,766,073
-
Alternative Use
- Use
- Valuation
- Residential
- $2,191,893
- Hospitality
- $2,007,762
- Educational
- $1,670,435
- Medical
- $1,727,884
- Retail
- $2,598,454
Location Insight
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Latitude
- 33.4461
- Longitude
- -86.8291
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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].