726 Bank StDecatur, AL 35601

  • Retail properties
  • 3,900 SF
For Lease
$252/SF/YR View listing

Property Details for 726 Bank St

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.18 AC
Property size (Sq ft)
3,900 SF
Property type
Retail properties
Property subtype
Retail space
APN
03-04-18-1-032-007.000
APU
304181032007000

Description

This exceptional 5,000-square-foot retail space, located at 726 Bank Street NE in Decatur's historic downtown, presents a unique investment opportunity. Built in 1900, this single-tenant building boasts a rich history and prime location, offering easy access to the city's core. The property sits on a 15,600-square-foot lot and is situated outside of any designated flood zone, providing added security and peace of mind. All utilities, including sewer, are readily available on-site. The building itself is constructed of brick on masonry with a TPU flat roof. Its mixed-use zoning allows for a wide range of potential uses, making it suitable for various businesses. The existing tenant, Good Vibrations Barbershop, contributes to the building's value and may attract additional foot traffic. This property offers a compelling opportunity for businesses seeking to establish a presence in Decatur's vibrant and historic downtown area. The building's historical character combined with its modern utility access makes it an attractive option for a variety of commercial ventures. The single-tenant occupancy simplifies management and provides a clear, straightforward investment. This is a rare chance to acquire a piece of Decatur's heritage and capitalize on its thriving downtown scene. The property is located in Morgan County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,212,554
    6.5%
    $1,119,281
    7%
    $1,039,332
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,600,883
    Geo Method
    $1,917,050
  • Alternative Use

    Use
    Valuation
    Residential
    $944,155
    Hospitality
    $864,841
    Educational
    $719,538
    Medical
    $744,284
    Retail
    $1,119,281
726 Bank St, Decatur, Alabama

Location Insight

City
Decatur
County
Morgan
State
Alabama
Latitude
34.6126
Longitude
-86.9846
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
$2,092
$6,380
$39,800
$46,180
-
$31,900
$199,000
$230,900

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