225 Grant StDecatur, AL 35601

Property Details for 225 Grant St

Year built

1998

Lot size

0.32 AC

Property size (Sq ft)

7,800 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

03-04-19-1-012-004.000

APU

304191012004000

Description

This exceptional investment opportunity presents a fully occupied, three-building mixed-use property totaling 28,000 square feet, situated on Grant Street in Decatur, Alabama's vibrant downtown area. The property boasts four tenants under long-term leases, ensuring a stable income stream and a strong 7.50% capitalization rate. With a current Net Operating Income (NOI) of $160,000 and an asking price of $2,133,000, this offering presents a compelling return on investment. The property comprises three separate buildings, each contributing to the diverse tenant mix encompassing creative office, storefront, and traditional office spaces. The buildings benefit from a combined 200 feet of street frontage and convenient access to all utilities. The property's location within the growing Downtown Decatur area offers significant potential for future appreciation in property value and rental income. The zoning is B5, allowing for a variety of uses. Individual building addresses are 225, 227, 229, and 231 Grant Street SE, Decatur, AL 35601. Detailed financial information is available upon request. This is a rare opportunity to acquire a stable, high-performing investment property in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $1,888,311

  Hospitality

  $1,729,683

  Educational

  $1,439,076

  Medical

  $1,488,568

  Retail

  $2,238,562

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.6015

Longitude

-86.984

CBSA code

19460

CBSA name

DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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