1907 24Th StNorthport, AL 35476

Property Details for 1907 24Th St

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

1,925 SF

Zone code

C-3

Property type

Investment properties

Property subtype

Live-work space

APN

31-02-10-3-017-001.000

APU

3102103017001000

Description

This exceptional mixed-use property presents a remarkable investment opportunity in the thriving Northport, Alabama market. Spanning 1.65 acres, this strategically located site sits at the highly visible, signalized intersection of Lurleen B Wallace Boulevard and 24th Street, boasting an impressive daily traffic count of approximately 41,000 vehicles. The property's "going to work" roadside positioning offers significant advantages for a wide range of development possibilities. The substantial 7,184 square foot building provides ample space for immediate use or redevelopment, catering to diverse business needs. The property's prime location is further enhanced by the proximity of a soon-to-open Starbucks, adding to the area's growing commercial appeal. This offering includes four contiguous parcels: 31-02-10-3-017-004.000, 31-02-10-3-017-002.001, 31-02-10-3-017-003.000, and 31-02-10-3-017-002.000, providing a consolidated and easily managed ownership structure. The asking price for this exceptional property is $1,650,000. Don't miss this chance to acquire a high-impact commercial property in a rapidly expanding area.

• CAP approach

  CAP return

  Valuation

  6%

  $269,454

  6.5%

  $248,726

  7%

  $230,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $133,612

  Geo Method

  $375,490

• Alternative Use

  Use

  Valuation

  Residential

  $308,421

  Hospitality

  $282,512

  Educational

  $235,047

  Medical

  $243,130

  Retail

  $365,628

Location Insight

City

Northport

County

Tuscaloosa

State

Alabama

Latitude

33.2322

Longitude

-87.5771

CBSA code

46220

CBSA name

TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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