726 Bank StDecatur, AL 35601
- Retail properties
- 3,900 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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