1209 Danville RdDecatur, AL 35601

Property Details for 1209 Danville Rd

Year built

1971

Lot size

3.39 AC

Property size (Sq ft)

33,585 SF

Property type

Retail properties

Property subtype

Retail space

APN

02-07-25-1-001-002.000

APU

207251001002000

Description

Austin Plaza, located at 1209 Danville Rd SW, Decatur, AL 35601, offers 9,000 square feet of vacant space in a 33,585 square foot building situated on 3.39 acres. This single-story, Class D building, constructed in 1971 and renovated in 2024, features two suites available for lease. Minimum leasable space is 2,250 square feet, with a maximum contiguous space of 5,000 square feet. The property is zoned B-1 and boasts excellent visibility at the intersection of Danville Rd SW and 8th Ave SW, providing high foot traffic and ample parking. Unit B/C, a recently updated flex space, is available for $4,000 per month and includes four new ADA-compliant bathrooms, a double-door back exit, durable concrete flooring, and an attractive exposed ceiling. This adaptable space is ideal for various uses, including retail, fitness studios, or office/showroom combinations. The property's convenient location and recent renovations make it an attractive opportunity for businesses seeking a prime location in Decatur, Alabama. The property is easily accessible and offers a stress-free shopping experience for customers. This versatile space is ready for immediate occupancy and presents a unique opportunity for growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $10,441,960

  6.5%

  $9,638,732

  7%

  $8,950,251

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,786,063

  Geo Method

  $16,508,747

• Alternative Use

  Use

  Valuation

  Residential

  $8,130,631

  Hospitality

  $7,447,614

  Educational

  $6,196,328

  Medical

  $6,409,429

  Retail

  $9,638,732

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.5888

Longitude

-87.0004

CBSA code

19460

CBSA name

DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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