431 Bankhead HwyWinfield, AL 35594

Property Details for 431 Bankhead Hwy

Year built

1960

Lot size

1.04 AC

Property size (Sq ft)

1,320 SF

Property type

Office properties

APN

49-24-04-17-0-201-004.000

APU

492404170201004000

Description

This exceptional commercial property, located at 431 Bankhead Highway in Winfield, Alabama, offers a unique opportunity for businesses seeking substantial space and high visibility. The main building, constructed in 1995, boasts 15,750 square feet on a 1.23-acre lot. This modern, two-story structure features a 6,750 square foot footprint with a well-designed layout. The ground floor includes ten private offices, two multi-person offices, a spacious conference room, three bathrooms, four storage/file rooms, a welcoming lobby, and a convenient breakroom. Upstairs, a sizable 5,000+ square foot conditioned and finished attic space provides ample room for expansion or additional office areas. Security features include magnetic entry cards and a comprehensive security system. In addition to the main building, the property includes a 4,000 square foot auxiliary structure, a historic brick building dating back to 1960. This former West Oil Co. building presents further potential for development or adaptive reuse. The property's prime location along Bankhead Highway ensures excellent visibility and accessibility, making it an ideal location for a variety of businesses. The asking price for this substantial property is $695,000.

• CAP approach

  CAP return

  Valuation

  6%

  $221,264

  6.5%

  $204,244

  7%

  $189,655

• Comparable approach

  Method

  Valuation

  Relative Method

  $162,908

  Geo Method

  $257,479

• Alternative Use

  Use

  Valuation

  Residential

  $253,262

  Hospitality

  $231,987

  Educational

  $193,010

  Medical

  $199,648

  Retail

  $300,238

Location Insight

City

Winfield

County

Marion

State

Alabama

Latitude

33.9315

Longitude

-87.8114

Property Tax & Assessments

FAQs

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