3325 University BlvdTuscaloosa, AL 35404

Property Details for 3325 University Blvd

Year built

1994

Construction

WOOD

Property size (Sq ft)

4,000 SF

Zone code

MX-3

Property type

Retail space

APN

30-04-20-1-012-006.001

APU

3004201012006001

Description

This exceptional 9,800 square foot commercial property, formerly a Jim Myers Drug/Walgreens, presents a unique investment opportunity in a prime Tuscaloosa location on University Boulevard East. The building boasts a versatile layout, ideal for a variety of uses. The ground floor features approximately 5,000 square feet of retail space, complemented by offices and break rooms. Upstairs, an additional 4,800 square feet offers ample office space and storage, along with a convenient shower. Both floors include break rooms and restrooms, ensuring employee comfort. The property includes a valuable drive-thru window, a pneumatic tube system, and extensive parking. Security is enhanced by existing video cameras providing access control to the upper floor. Adding to its appeal, a separate 2,500 square foot warehouse/office space is available at the rear of the building. This space offers additional storage or expansion potential. Located in Tuscaloosa County, this single-tenant property offers a blend of retail and office space, making it an attractive option for businesses seeking a well-equipped and strategically positioned location. The open floor plan provides flexibility for customization, catering to diverse business needs. This property is a rare find, combining prime location, ample space, and desirable features.

• CAP approach

  CAP return

  Valuation

  6%

  $823,031

  6.5%

  $759,721

  7%

  $705,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $699,624

  Geo Method

  $1,966,205

• Alternative Use

  Use

  Valuation

  Residential

  $640,853

  Hospitality

  $587,018

  Educational

  $488,392

  Medical

  $505,189

  Retail

  $759,721

Location Insight

City

Tuscaloosa

County

Tuscaloosa

State

Alabama

Latitude

33.2061

Longitude

-87.4935

CBSA code

46220

CBSA name

TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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