726 Bank StDecatur, AL 35601

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 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.

• 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

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