310 Montgomery AveSheffield, AL 35660

Property Details for 310 Montgomery Ave

Year built

2015

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

6,672 SF

Property type

Retail space

APN

07-08-28-3-011-008.000

APU

708283011008000

Description

This exceptional commercial property in Sheffield, Alabama, presents a unique investment opportunity encompassing two buildings, each housing an established business. The property boasts a total of 12,000 square feet of space, offering significant potential for expansion. The two buildings are complemented by four attractive, fully occupied two-bedroom, two-bathroom apartments, currently operating with a waiting list. This indicates strong rental income potential and a stable tenant base. The existing businesses within the buildings are well-established and contribute to the property's overall profitability. The property's unique architectural details add to its charm and appeal. The ample working space within both buildings provides flexibility for various business uses and future growth. The combination of established businesses, high-demand rental units, and substantial space makes this a rare find in the Sheffield market. This property is ideal for an investor seeking a diversified portfolio with immediate cash flow and significant long-term growth potential. The property is situated at 310 Montgomery Avenue in Sheffield, Alabama. Serious inquiries are encouraged to schedule a viewing and explore this remarkable investment opportunity. The asking price is $1,075,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,074,401

  6.5%

  $1,914,832

  7%

  $1,778,058

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,738,741

  Geo Method

  $3,279,630

• Alternative Use

  Use

  Valuation

  Residential

  $1,615,232

  Hospitality

  $1,479,544

  Educational

  $1,230,963

  Medical

  $1,273,298

  Retail

  $1,914,832

Location Insight

City

Sheffield

County

Colbert

State

Alabama

Latitude

34.761

Longitude

-87.6983

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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