1614 4Th AveDecatur, AL 35601

Property Details for 1614 4Th Ave

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

1,742 SF

Property type

Retail properties

APN

03-09-30-4-001-002.000

APU

309304001002000

Description

This exceptional 1,742 square foot executive office space is ideally situated at 1614 4th Ave SE in Decatur, Alabama, zip code 35601. The property boasts a single-tenant occupancy, offering complete control and privacy. Classified as a Class B building, it presents a solid investment opportunity in a thriving location. The building's zoning is M-2, allowing for a variety of commercial uses. The entire 1,742 square feet is currently vacant, providing immediate occupancy for a new business or expansion. Located in Morgan County, this property benefits from excellent visibility and accessibility due to its prominent 4th Ave SE address. Ample storage space is included within the building's footprint, adding to its practicality and functionality. This property is perfect for businesses seeking a well-maintained, conveniently located office space in Decatur, Alabama. The property's size and location make it suitable for a range of office or retail uses, presenting endless possibilities for the right tenant. Interested parties are encouraged to explore the potential of this exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $541,608

  6.5%

  $499,946

  7%

  $464,235

• Comparable approach

  Method

  Valuation

  Relative Method

  $715,061

  Geo Method

  $856,282

• Alternative Use

  Use

  Valuation

  Residential

  $421,723

  Hospitality

  $386,296

  Educational

  $321,394

  Medical

  $332,447

  Retail

  $499,946

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.582

Longitude

-86.9827

CBSA code

19460

CBSA name

DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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