225 Grant StDecatur, AL 35601

  • Industrial properties
  • 7,800 SF
For Sale
$2,133,000 View listing

Property Details for 225 Grant St

Year built
1998
Lot size
0.32 AC
Property size (Sq ft)
7,800 SF
Property type
Industrial properties
Property subtype
Other warehouses
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,888,311
    Hospitality
    $1,729,683
    Educational
    $1,439,076
    Medical
    $1,488,568
    Retail
    $2,238,562
225 Grant St, Decatur, Alabama

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

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
$2,820
$11,320
$50,940
$62,260
-
$56,600
$254,700
$311,300

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