719 6Th AveDecatur, AL 35601

  • Office properties
  • 2,784 SF
For Lease
$8.52/SF/YR View listing

Property Details for 719 6Th Ave

Year built
1926
Lot size
0.16 AC
Property size (Sq ft)
2,784 SF
Property type
Office properties
APN
03-04-20-2-022-014.000
APU
304202022014000

Description

This exceptional 2,815-square-foot office space presents a fantastic opportunity for a small business seeking a high-visibility location. Boasting frontage on bustling 6th Avenue in Decatur, this single-tenant property benefits from significant daily traffic, with a 2021 Alabama traffic count of 27,134 vehicles per day. The property is zoned B-6 (facing 6th Ave) and R-4 (facing 5th Ave), offering flexibility for various uses. In addition to the main 2,815 square feet, there's an additional 0.16-acre lot behind the building facing 5th Avenue, providing ample parking for employees and customers. Its convenient location places it within easy reach of numerous dining, retail, office, and financial institutions, ensuring a thriving business environment. This property in Morgan County is ideal for businesses seeking a prominent presence in a busy commercial area. The building's size and zoning make it suitable for a variety of office or retail uses, providing a strong foundation for growth and success. Ample parking is available, addressing a key concern for businesses and their clientele. Don't miss this chance to secure a prime location in a dynamic commercial district.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $588,828
    6.5%
    $543,534
    7%
    $504,710
  • Comparable approach

    Method
    Valuation
    Relative Method
    $453,486
    Geo Method
    $543,047
  • Alternative Use

    Use
    Valuation
    Residential
    $673,982
    Hospitality
    $617,364
    Educational
    $513,639
    Medical
    $531,304
    Retail
    $798,994

Location Insight

City
Decatur
County
Morgan
State
Alabama
Latitude
34.5968
Longitude
-86.9806
CBSA code
19460
CBSA name
DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,694
$11,560
$47,900
$59,460
-
$57,800
$239,500
$297,300

FAQs

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