835 Mcentire LnDecatur, AL 35601

Property Details for 835 Mcentire Ln

Year built

1969

Lot size

1.78 AC

Property size (Sq ft)

20,080 SF

Property type

Retail properties

APN

02-06-14-0-002-016.000

APU

206140002016000

Description

This exceptional industrial property, located at 835 Mcentire Lane in Decatur, Alabama, offers a substantial 20,000 square feet of space on a generous 1.78-acre lot. The building boasts a well-designed layout, featuring 1,200 square feet of dedicated office space, ideal for administrative functions or executive offices. The remaining 18,800 square feet comprises a spacious warehouse area, perfectly suited for storage, manufacturing, or distribution operations. The property's functionality is further enhanced by four roll-up doors, providing convenient access for loading and unloading, along with two loading docks and a dedicated truck entrance. Three-phase power is readily available, ensuring sufficient electrical capacity for demanding industrial applications. The property is currently serviced by a septic system, however, a significant advantage is the newly available connection to public sewer, supplementing the existing city water and natural gas utilities. Two bathrooms are conveniently located within the building. This property presents a rare opportunity to acquire a well-equipped industrial building in a desirable Decatur location, offering immediate operational capabilities and significant growth potential. The combination of ample space, convenient access, and essential utilities makes this an attractive investment for a wide range of industrial businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,243,101

  6.5%

  $5,762,862

  7%

  $5,351,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,242,494

  Geo Method

  $9,870,348

• Alternative Use

  Use

  Valuation

  Residential

  $4,861,190

  Hospitality

  $4,452,824

  Educational

  $3,704,697

  Medical

  $3,832,108

  Retail

  $5,762,862

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.6115

Longitude

-87.0335

CBSA code

19460

CBSA name

DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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