535 Military StHamilton, AL 35570

Property Details for 535 Military St

Year built

1967

Lot size

2.80 AC

Property size (Sq ft)

61,932 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

49-16-02-03-0-201-023.000

APU

491602030201023000

Description

Hamilton Commons, a Class B retail shopping center in Hamilton, Alabama, presents a compelling investment opportunity. This 67,437 square foot center, built in 1977, boasts 12 suites and offers multiple tenancy options. Currently, there are three available spaces ranging from 1,200 to 10,000 contiguous square feet, totaling 17,200 square feet of vacant space. The minimum divisible space is 1,200 square feet, providing flexibility for various retail businesses. Strategically located at 535 Military St S, Hamilton, AL 35570, this property benefits from high visibility due to its proximity to a major roadway and ample on-site parking. A key advantage is its anchor tenant, Super Value Grocery, which drives significant foot traffic to the center. This presents a unique chance to establish or expand a retail presence in a thriving commercial area. The property's location ensures excellent accessibility for customers and employees alike. The available spaces offer a great opportunity for businesses seeking a well-established location with strong existing traffic and visibility. This is an ideal opportunity for businesses looking to capitalize on a prime retail location in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $11,841,500

  6.5%

  $10,930,600

  7%

  $10,149,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,037,810

  Geo Method

  $12,322,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $21,414,100

  Retail / Commercial

  $10,974,700

  Hospitality / Lodging

  $8,012,900

  Office

  $10,860,400

  Institutional / Educational

  $11,361,600

  Residential Income

  $13,293,100

  Multifamily

  $15,970,700

  Automotive / Energy

  $9,738,520

  Parking / Income-Based Land

  $3,365,590

  Restaurant / Food Service

  $5,674,400

  Healthcare / Senior Housing

  $11,214,200

Location Insight

City

Hamilton

County

Marion

State

Alabama

Latitude

34.1375

Longitude

-87.9891

Property Tax & Assessments

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