414 Bank StDecatur, AL 35601

Property Details for 414 Bank St

Year built

1922

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

10,319 SF

Property type

Office properties

APN

03-04-18-4-019-008.000

APU

304184019008000

Description

This exceptional three-story office building, located at 414 Bank Street NE in Decatur, Alabama (35601), presents a unique investment opportunity. The property, situated on 0.83 acres and boasting 12,500 square feet of entirely vacant space, offers flexible configurations suitable for various office needs. The building, classified as Class B, underwent a complete renovation in 2015, ensuring modern amenities and a contemporary feel. The layout is adaptable to traditional office setups, coworking spaces, or executive suites, catering to diverse business requirements. Features include multiple conference rooms equipped for teleconferencing, conveniently located break rooms and restrooms on each floor, and ample parking with 45 spaces. The building's prime location in Decatur, near the intersection of Bank Street NE and Cherry Street in Morgan County, offers excellent visibility and accessibility. While there are no elevators, the building's three stories provide a variety of layout options. Property taxes are $13,358.07 per square foot. This is a single-tenant building offering a rare opportunity to secure a substantial and well-maintained office space in a desirable Decatur location. The former Decatur Post Office building offers a blend of historical charm and modern functionality.

• CAP approach

  CAP return

  Valuation

  6%

  $2,182,514

  6.5%

  $2,014,628

  7%

  $1,870,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,680,862

  Geo Method

  $2,012,824

• Alternative Use

  Use

  Valuation

  Residential

  $2,498,138

  Hospitality

  $2,288,282

  Educational

  $1,903,823

  Medical

  $1,969,299

  Retail

  $2,961,503

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.6107

Longitude

-86.9868

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].