101 1St AveDecatur, AL 35601

Property Details for 101 1St Ave

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

03-04-19-1-004-001.000

APU

304191004001000

Description

This 3,000 square foot restaurant building presents a unique opportunity in Decatur's vibrant downtown. Located in a high-traffic area, this single-tenant property boasts a full brick exterior and a brand new roof. The building sits on a 3,500 square foot lot and is zoned M-1 (Light Industrial District) within Morgan County. Currently in shell condition, the space is ready for immediate build-out to suit a prospective tenant's specific needs. Ample parking is conveniently located directly across the street, offering easy access for patrons. The property benefits from its proximity to key attractions including the Courthouse, City Hall, the shops on 2nd Avenue, Cook Natural Science Museum, and The Alabama Center for the Arts. Its strategic location directly across from a new city parking deck and the Fairfield Inn ensures high visibility and accessibility. Tenant improvement packages are available for qualified prospects, making this an attractive investment for restaurant entrepreneurs seeking a turnkey operation in a thriving downtown setting. This is a rare chance to establish a successful restaurant business in a prime location with excellent visibility and convenient amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $932,734

  6.5%

  $860,985

  7%

  $799,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,231,448

  Geo Method

  $1,474,654

• Alternative Use

  Use

  Valuation

  Residential

  $726,273

  Hospitality

  $665,263

  Educational

  $553,491

  Medical

  $572,526

  Retail

  $860,985

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.6036

Longitude

-86.9867

CBSA code

19460

CBSA name

DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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