602 Moulton StDecatur, AL 35601

Property Details for 602 Moulton St

Year built

1939

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

2,966 SF

Property type

Retail properties

Property subtype

Retail space

APN

03-04-18-3-006-080.000

APU

304183006080000

Description

This 2,966 square foot retail storefront, located at 602 Moulton St W in Decatur, Alabama (zip code 35601), presents a compelling investment opportunity. Situated on a 0.17-acre lot at the corner of Moulton St W and 6th Ave NW, near the Gordon Drive/Moulton St intersection, this property enjoys excellent visibility and proximity to the downtown area. Built in 1939, the single-story, Class B brick building previously housed a floral retailer, and includes existing coolers and all necessary utilities. The roof was replaced approximately five years ago. While the front entryway requires repair, the owner is actively addressing this issue through their insurance company. The property is zoned R4 and offers significant potential for a variety of retail uses. The asking price is $110,000, translating to $37.09 per square foot. This owner/user investment opportunity is a rare find in a desirable Decatur location.

• CAP approach

  CAP return

  Valuation

  6%

  $922,163

  6.5%

  $851,228

  7%

  $790,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,217,492

  Geo Method

  $1,457,941

• Alternative Use

  Use

  Valuation

  Residential

  $718,042

  Hospitality

  $657,723

  Educational

  $547,218

  Medical

  $566,037

  Retail

  $851,228

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.6044

Longitude

-86.9954

CBSA code

19460

CBSA name

DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].