1320 Stratford RdDecatur, AL 35601

Property Details for 1320 Stratford Rd

Year built

1979

Construction

WOOD

Lot size

0.60 AC

Property size (Sq ft)

4,864 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

03-09-32-1-003-003.000

APU

309321003003000

Description

This single-tenant medical office building, located at 1320 Stratford Road SE, Decatur, Alabama 35601, offers 4,600 total square feet on a 0.6-acre lot (26,136 sq ft). Currently, 1,200 square feet is available for lease. The building, constructed in 1979, is a single-story Class C property with ample parking (25 spaces). The property is zoned B2 and features convenient access to Sixth Avenue SE. This is an excellent opportunity for a small medical practice or professional office seeking a location in a developing area. The property's convenient location and ample parking make it an attractive option for both patients and staff. The building's single-tenant occupancy provides a unique opportunity for a business seeking a dedicated space. The address is 1320 Stratford Road SE, Decatur, AL 35601, with the APN 03-09-32-1-003-003.000. The submarket is hRT.

• CAP approach

  CAP return

  Valuation

  6%

  $1,028,757

  6.5%

  $949,622

  7%

  $881,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $792,297

  Geo Method

  $948,772

• Alternative Use

  Use

  Valuation

  Residential

  $1,177,531

  Hospitality

  $1,078,612

  Educational

  $897,393

  Medical

  $928,256

  Retail

  $1,395,944

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.574

Longitude

-86.9717

CBSA code

19460

CBSA name

DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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