119 5Th StTuscumbia, AL 35674

Property Details for 119 5Th St

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

5,834 SF

Property type

Retail space

APN

13-02-04-3-004-063.000

APU

1302043004063000

Description

This exceptional commercial property, located at 119 5th Street in the heart of Tuscumbia, Alabama, presents a significant investment opportunity. The property encompasses a substantial 4,000 square feet of space situated on a 0.56-acre lot. Its prime downtown location offers unparalleled visibility and accessibility, surrounded by a vibrant mix of restaurants, clothing stores, and other businesses. The property's configuration includes a main building and two additional attached structures, all sold together as a single unit, creating a unique opportunity for expansion, diversification, or multi-tenant occupancy. This presents a rare chance to acquire a substantial commercial footprint in a thriving downtown area. The existing buildings offer immediate income potential or the possibility for extensive renovation and redevelopment to suit a variety of commercial uses. The high traffic area and established commercial presence make this property an attractive investment for both seasoned investors and new entrepreneurs seeking a foothold in a dynamic market. The 0.56-acre lot provides ample space for potential future expansion or outdoor amenities. This is a turnkey opportunity to acquire a significant commercial property in a desirable location with substantial upside potential. The asking price is $629,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,813,857

  6.5%

  $1,674,330

  7%

  $1,554,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,394,756

  Geo Method

  $2,867,710

• Alternative Use

  Use

  Valuation

  Residential

  $1,412,360

  Hospitality

  $1,293,714

  Educational

  $1,076,355

  Medical

  $1,113,372

  Retail

  $1,674,330

Location Insight

City

Tuscumbia

County

Colbert

State

Alabama

Latitude

34.7321

Longitude

-87.7047

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].