324 Montgomery AveSheffield, AL 35660

Property Details for 324 Montgomery Ave

Year built

1994

Property size (Sq ft)

2,109 SF

Property type

Drive through restaurants

APN

07-08-33-2-003-007.000

APU

708332003007000

Description

This exceptional commercial property, located at 324 Montgomery Ave in Sheffield, Alabama, presents a unique investment opportunity. Boasting 2,109 square feet situated on a 1.4-acre lot, this property enjoys a highly visible location at the entrance to Foodland Plaza, a key commercial hub in the city. Its strategic position places it conveniently between Helen Keller Hospital and the downtown area, ensuring high foot traffic and excellent visibility. Previously occupied by a McDonald's restaurant, the building is ideally suited for a variety of food service businesses, offering significant potential for immediate occupancy and operation. The existing infrastructure is well-suited for restaurant use, minimizing upfront renovation costs and allowing for a swift transition to a new tenant. The ample 1.4-acre lot provides ample parking and potential for future expansion. This property represents a rare chance to acquire a well-located, ready-to-use commercial space in a thriving community, offering significant return on investment for discerning buyers. The asking price is $595,000. Serious inquiries are encouraged. All information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $655,712

  6.5%

  $605,273

  7%

  $562,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $865,708

  Geo Method

  $1,036,682

• Alternative Use

  Use

  Valuation

  Residential

  $510,570

  Hospitality

  $467,680

  Educational

  $389,104

  Medical

  $402,486

  Retail

  $605,273

Location Insight

City

Sheffield

County

Colbert

State

Alabama

Latitude

34.7539

Longitude

-87.6993

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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