587 Highway 31Hartselle, AL 35640

Property Details for 587 Highway 31

Year built

2000

Construction

WOOD

Lot size

1.12 AC

Property size (Sq ft)

9,600 SF

Property type

Retail properties

Property subtype

Retail space

APN

15-02-10-3-005-002.002

APU

1502103005002002

Description

Hart Plaza Shopping Center offers a fantastic opportunity to lease office space in the thriving city of Hartselle, Alabama. Strategically located on Highway 31, this property boasts a total of 9,855 square feet of retail and office space, recently renovated in 2000. The building is zoned B-2, providing flexibility for a variety of commercial uses. Currently, there is 2,000 square feet of vacant space available, including one immediately available unit of 1,200 square feet. Units A, B, C, and E feature a desirable layout, combining open retail space with the convenience of a private office, ample storage, and restrooms. This property presents an excellent chance to establish a presence in a bustling commercial area, benefiting from high visibility and convenient access for customers and employees. The building's modern amenities and prime location make it an ideal choice for businesses seeking a well-maintained and strategically positioned office space in Hartselle. The cross street is Rooks Street, providing additional access and visibility. This is a multi-tenant building, offering a collaborative and dynamic work environment. Don't miss this chance to secure your ideal office space in Hartselle's vibrant commercial hub.

• CAP approach

  CAP return

  Valuation

  6%

  $2,984,750

  6.5%

  $2,755,154

  7%

  $2,558,357

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,940,634

  Geo Method

  $4,718,892

• Alternative Use

  Use

  Valuation

  Residential

  $2,324,075

  Hospitality

  $2,128,840

  Educational

  $1,771,170

  Medical

  $1,832,083

  Retail

  $2,755,154

Location Insight

City

Hartselle

County

Morgan

State

Alabama

Latitude

34.4456

Longitude

-86.9444

CBSA code

19460

CBSA name

DECATUR, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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