1502 6Th AveDecatur, AL 35601

Property Details for 1502 6Th Ave

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

11.04 AC

Property size (Sq ft)

93,712 SF

Property type

Retail properties

Property subtype

Retail space

APN

03-09-29-2-023-009.000

APU

309292023009000

Description

The Decatur Shopping Center offers a fantastic opportunity for retail businesses seeking space in a thriving commercial area. This single-story center totals 81,191 square feet and features five individual suites, providing flexibility for various tenant needs. Currently, there are 26,032 square feet of vacant space available, with suite sizes ranging from a minimum of 1,222 square feet to a maximum of 16,800 square feet. The property boasts a freshly painted awning, enhancing its curb appeal and visibility. The asking rent is $7.00 per square foot per month. This prime retail location offers high visibility and accessibility, making it an ideal space for businesses seeking to establish or expand their presence. The multiple suite configuration allows for a variety of tenant combinations, catering to businesses of different sizes and requirements. The minimum divisible space of 1,222 square feet provides an excellent entry point for smaller businesses, while larger spaces are available for those requiring more extensive footprints. This is a unique opportunity to secure retail space in a desirable and well-maintained shopping center. Contact us today to learn more about leasing options and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $29,136,130

  6.5%

  $26,894,890

  7%

  $24,973,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $38,467,160

  Geo Method

  $46,064,248

• Alternative Use

  Use

  Valuation

  Residential

  $22,686,846

  Hospitality

  $20,781,028

  Educational

  $17,289,572

  Medical

  $17,884,186

  Retail

  $26,894,890

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.5833

Longitude

-86.9789

CBSA code

19460

CBSA name

DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].