4840 Hatch BlvdSheffield, AL 35660

Property Details for 4840 Hatch Blvd

Year built

1982

Lot size

3.11 AC

Property size (Sq ft)

10,464 SF

Property type

Turn key restaurants

APN

07-07-26-3-001-012.001

APU

707263001012001

Description

This expansive 10,031 square foot commercial building in Sheffield, Alabama, presents a remarkable investment opportunity. Ideally situated on a 3.11-acre lot in a high-traffic area of Colbert County, this property boasts significant potential for a variety of uses. Previously operated as a restaurant, the building features extensive indoor and outdoor spaces, including indoor and outdoor stages, a dance floor, multiple bar areas (both indoor and patio), and ample restaurant seating. The property also includes a substantial amount of storage space and a fully equipped kitchen. Recent renovations (completed since 2023) totaling approximately $300,000 have modernized the building significantly. These upgrades encompass new plumbing, electrical systems, lighting, roofing, a completely updated sprinkler system (meeting all current fire protection codes), new ceilings, HVAC ductwork, and two new HVAC units (installed within the last two years) and two new tankless hot water heaters (installed within the last year). The property also benefits from a transferrable ADT security system. With a capacity exceeding 400 people and approximately 100 parking spaces, this property is ready for immediate occupancy. The seller is open to considering lease options or owner financing arrangements. This is a rare chance to acquire a fully renovated, large-scale commercial property in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,253,377

  6.5%

  $3,003,117

  7%

  $2,788,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,295,292

  Geo Method

  $5,143,592

• Alternative Use

  Use

  Valuation

  Residential

  $2,533,242

  Hospitality

  $2,320,436

  Educational

  $1,930,575

  Medical

  $1,996,971

  Retail

  $3,003,117

Location Insight

City

Sheffield

County

Colbert

State

Alabama

Latitude

34.763

Longitude

-87.6691

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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