65367 Highway 17Detroit, AL 35552

Property Details for 65367 Highway 17

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

1,527 SF

Property type

Banks

APN

306131000012000

APU

306131000012000

Description

This exceptional 1,527 square foot commercial property, located at 65367 Hwy 17 in Detroit, Alabama, presents a unique investment opportunity. Situated on a 0.11-acre lot, this building boasts a rich history as the former First National Bank of Detroit. The property is ideally positioned in downtown Detroit, offering unparalleled visibility and accessibility. The interior retains much of its original banking fixtures and finishes, providing a solid foundation for a variety of commercial ventures. Imagine the possibilities – a modern office space, a unique retail establishment, or even a captivating restaurant. The building's substantial size and prime location offer endless potential for entrepreneurs and investors alike. The asking price is $126,000, representing a compelling value for a property with such historical significance and commercial viability. This is a rare chance to acquire a piece of Detroit's history and shape its future. The property's existing infrastructure and central location minimize upfront investment costs, allowing for a swift and efficient transition to your chosen business model. Don't miss this exceptional opportunity to establish your business in a thriving downtown setting. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $293,143

  6.5%

  $270,593

  7%

  $251,265

• Comparable approach

  Method

  Valuation

  Relative Method

  $115,551

  Geo Method

  $309,771

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $527,988

  Mixed-Use / Specialty

  $269,505

  Hospitality / Lodging

  $197,567

  Office

  $267,776

  Institutional / Educational

  $280,133

  Residential Income

  $327,755

  Multifamily

  $393,776

  Automotive / Energy

  $240,114

  Parking / Income-Based Land

  $82,982.20

  Restaurant / Food Service

  $139,908

  Healthcare / Senior Housing

  $276,499

Location Insight

City

Detroit

County

Lamar

State

Alabama

Latitude

34.0279

Longitude

-88.1711

Property Tax & Assessments

FAQs

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