1814 George Wallace HwyRussellville, AL 35654

Property Details for 1814 George Wallace Hwy

Year built

2002

Lot size

1.06 AC

Property size (Sq ft)

8,268 SF

Property type

Retail properties

Property subtype

Retail space

APN

22-08-27-0-001-003.001

APU

2208270001003001

Description

This exceptional 8,190 square foot commercial building is situated on a highly visible 1.06-acre lot directly on Highway 43 in Russellville, Alabama. The property boasts ample parking at the front and additional space to the side and rear of the building, ensuring convenient access for customers and employees. The versatile interior layout includes a kitchen, a private room, a large open area, and restrooms, offering flexibility for a wide range of business uses. Previous uses have included a popular local venue, demonstrating its adaptability. The building's size and location make it ideal for various commercial ventures, including but not limited to fitness centers, restaurants, daycare facilities, heated storage units, retail spaces, or office spaces. The property's prominent highway frontage ensures high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the Russellville market. All information should be independently verified by the buyer. This is a rare opportunity to acquire a well-located, spacious commercial building with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,570,616

  6.5%

  $2,372,876

  7%

  $2,203,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,393,871

  Geo Method

  $4,064,145

• Alternative Use

  Use

  Valuation

  Residential

  $2,001,610

  Hospitality

  $1,833,464

  Educational

  $1,525,420

  Medical

  $1,577,882

  Retail

  $2,372,876

Location Insight

City

Russellville

County

Colbert

State

Alabama

Latitude

34.5948

Longitude

-87.6728

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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