This exceptional 3,600 square foot building, constructed in 2016, presents a unique investment opportunity in Muscle Shoals, Alabama. Located at 102 Kimberly Ave, 35661, this property sits on a 0.18-acre lot and offers a versatile blend of office and warehouse space, ideal for a variety of businesses. The main level boasts three private offices, two additional rooms suitable for use as either conference rooms or offices, a kitchen featuring granite countertops and stainless steel appliances, and a full bathroom with granite and tile finishes. A spacious work area and a large waiting area complete the main floor. Upstairs, a substantial bonus area offers significant potential for expansion, easily adaptable into additional office space or a large meeting room. The building's previous uses include a real estate closing office and a boutique, demonstrating its adaptability to diverse business needs. The property benefits from convenient on-site concrete parking and is connected to all essential utilities: electricity, natural gas, water, sewer, cable, and phone lines. Purchasers are responsible for verifying all provided information. This beautifully designed building offers a multitude of possibilities for the discerning investor. More photos are forthcoming.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$606,806
6.5%
$560,129
7%
$520,119
Comparable approach
Method
Valuation
Relative Method
$467,331
Geo Method
$559,627
Alternative Use
Use
Valuation
Residential
$694,560
Hospitality
$636,213
Educational
$529,322
Medical
$547,526
Retail
$823,389
Location Insight
City
Muscle Shoals
County
Colbert
State
Alabama
Latitude
34.7331
Longitude
-87.6359
CBSA code
22520
CBSA name
FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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