912 29Th AveTuscaloosa, AL 35401

Property Details for 912 29Th Ave

Year built

1953

Lot size

2.59 AC

Property size (Sq ft)

8,250 SF

Zone code

MG

Property type

Retail properties

Property subtype

Other retail properties

APN

31-05-22-3-024-013.000

APU

3105223024013000

Description

This exceptional mixed-use property, located at 912 29th Avenue in the heart of Downtown Tuscaloosa, Alabama, presents a unique investment opportunity. Boasting over 46,000 square feet of versatile space, this property sits on approximately 2.6 acres of land, offering ample room for expansion and operational flexibility. The building's configuration seamlessly blends office and warehouse areas, making it ideal for a variety of businesses. The warehouse component includes convenient loading docks, streamlining logistics and enhancing operational efficiency. A secure, fenced-in yard provides additional storage or outdoor workspace. This prime location in Downtown Tuscaloosa offers excellent visibility and accessibility, providing easy access to major transportation routes and serving the needs of businesses operating within Tuscaloosa and the surrounding region. The property's substantial size and diverse functionality make it an attractive option for owner-users seeking to consolidate operations or expand their existing footprint. The asking price is $3,695,000. This is a rare chance to acquire a significant commercial property in a thriving Alabama market. Don't miss this opportunity to establish your business in a dynamic and convenient location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,697,553

  6.5%

  $1,566,972

  7%

  $1,455,045

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,443,009

  Geo Method

  $4,055,298

• Alternative Use

  Use

  Valuation

  Residential

  $1,321,800

  Hospitality

  $1,210,761

  Educational

  $1,007,339

  Medical

  $1,041,983

  Retail

  $1,566,972

Location Insight

City

Tuscaloosa

County

Tuscaloosa

State

Alabama

Latitude

33.2035

Longitude

-87.5738

CBSA code

46220

CBSA name

TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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