402 Johnston StDecatur, AL 35601

  • Commercial real estate
  • 4,359 SF
For Sale
$500,000 View listing

Property Details for 402 Johnston St

Year built
1936
Construction
WOOD
Lot size
0.25 AC
Property size (Sq ft)
4,359 SF
Property type
Commercial real estate
APN
03-04-19-1-001-005.000
APU
304191001005000

Description

This exceptional 4,959 square foot executive office space is ideally situated in the heart of Downtown Decatur, Alabama. Located at 402 Johnston St SE, 35601, this vacant, two-story building presents a unique opportunity for businesses seeking a prominent location. The property is zoned B-5, allowing for a variety of commercial uses. The interior features multiple potential workspaces, thoughtfully designed to accommodate diverse business needs. Ample bathroom facilities and a convenient kitchen are included, enhancing the functionality and comfort of the space. The building's strategic downtown location offers excellent visibility and accessibility, providing easy access to local amenities and a thriving business community. This property is priced at $500,000 and represents a compelling investment opportunity in a rapidly growing area. The substantial square footage provides ample room for expansion and customization, allowing businesses to tailor the space to their specific requirements. With its prime location and versatile layout, this property is poised to become a thriving hub for any discerning business. Serious inquiries are encouraged to explore the potential of this remarkable commercial property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,055,275
    Hospitality
    $966,626
    Educational
    $804,222
    Medical
    $831,880
    Retail
    $1,251,012

Location Insight

City
Decatur
County
Morgan
State
Alabama
Latitude
34.6031
Longitude
-86.9823
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
$948
$8,760
$41,180
$49,940
-
$43,800
$205,900
$249,700

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