200 Highway 78Jasper, AL 35504

Property Details for 200 Highway 78

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.50 AC

Property size (Sq ft)

5,670 SF

Zone code

O

Property type

Turn key restaurants

APN

17-02-04-4-000-001.008

APU

1702044000001008

Description

This exceptional 5,670-square-foot commercial property, situated on a 1.5-acre lot at a highly visible, signalized intersection of Mall Blvd and Hwy 78 in Jasper, presents a remarkable investment opportunity. Formerly a Jimmy's Egg restaurant, the building underwent a complete renovation in 2019, boasting updated building systems, a modern interior, renovated kitchen and restrooms, and a new security system. The property features a spacious dining area, a private party room, a large kitchen equipped with multiple coolers, and a sizable manager's office. With 57 parking spaces and a pylon sign, this location benefits from an impressive daily traffic count exceeding 30,000 vehicles. The B-2 zoning allows for diverse uses, including car washes, self-storage facilities, daycare centers, medical offices, auto sales and service, animal care, convenience stores, general retail, and restaurants. The property's strategic location near the Jasper Mall, anchored by Dunham's Sports, Belk, and the upcoming Rural King (2024), further enhances its appeal. Jasper's robust growth is evident in recent developments such as Starbucks, Whataburger, Mavis Discount Tires, a new Shell Gas Station & Quik Trip, a planned $10 million sports complex, and a new $5 million city hall. This turn-key property offers immediate occupancy and significant potential for various commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $1,762,868

  6.5%

  $1,627,262

  7%

  $1,511,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,327,437

  Geo Method

  $2,787,095

• Alternative Use

  Use

  Valuation

  Residential

  $1,372,657

  Hospitality

  $1,257,346

  Educational

  $1,046,097

  Medical

  $1,082,074

  Retail

  $1,627,262

Location Insight

City

Jasper

County

Walker

State

Alabama

Latitude

33.8503

Longitude

-87.2739

CBSA code

27530

CBSA name

JASPER, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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