2678 21St StTuscaloosa, AL 35401

Property Details for 2678 21St St

Year built

1962

Lot size

0.25 AC

Property size (Sq ft)

3,100 SF

Zone code

BN

Property type

Investment properties

Property subtype

Live-work space

APN

31-08-27-1-046-007.000

APU

3108271046007000

Description

This exceptional retail/mixed-use property at 2678 21st Street, Tuscaloosa, Alabama, presents a unique investment opportunity. The 3,100 square foot building, previously operating as a convenience store and laundromat, boasts significant versatility. Its adaptable layout and four bathrooms make it ideal for a wide range of businesses, including but not limited to barber shops, beauty salons, daycare centers, or tire shops. The possibilities are truly extensive, allowing for customization to perfectly suit your entrepreneurial vision. Adding to its appeal, the sale includes two additional parcels, identified as 31-08-27-1-046-006.00 and 31-08-27-1-046-005.001, providing ample space for expansion or further development. This expansive 0.26-acre lot offers significant potential for growth and adaptation. The property is priced at $149,900. All information is believed to be accurate, but verification by the buyer is recommended.

• CAP approach

  CAP return

  Valuation

  6%

  $433,923

  6.5%

  $400,544

  7%

  $371,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $215,167

  Geo Method

  $604,686

• Alternative Use

  Use

  Valuation

  Residential

  $496,675

  Hospitality

  $454,951

  Educational

  $378,514

  Medical

  $391,532

  Retail

  $588,800

Location Insight

City

Tuscaloosa

County

Tuscaloosa

State

Alabama

Latitude

33.1933

Longitude

-87.5676

CBSA code

46220

CBSA name

TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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