1311 Woodmont DrTuscumbia, AL 35674

Property Details for 1311 Woodmont Dr

Year built

2006

Property size (Sq ft)

2,139 SF

Property type

Office properties

APN

13-02-09-4-003-001.002

APU

1302094003001002

Description

This exceptional owner-user opportunity presents a vacant 2,094 square foot retail/office building situated on a sizable 28,500 square foot lot in Tuscumbia, Alabama. Currently vacant, this storefront boasts a strategic location alongside established businesses such as Dollar Tree, Chevron, AutoZone, O'Reilly Auto Parts, Marathon Gas, Texaco, and Burger King, ensuring high visibility and foot traffic. The property benefits from strong demographics, with a 2022 traffic count of 6,770 vehicles per day (VPD, per CoStar data). Within a three-mile radius, the population exceeds 19,700, and the average household income is $60,546. The projected population growth rate from 2023 to 2028 is 1.0%. This presents a unique chance to establish or relocate your business in a thriving commercial area. The asking price is $225,000, translating to $107.45 per square foot. The property's address is 1311 Woodmont Dr, Tuscumbia, AL 35674. This is an ideal investment for an owner-occupant seeking a high-traffic location with significant growth potential. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $452,408

  6.5%

  $417,607

  7%

  $387,778

• Comparable approach

  Method

  Valuation

  Relative Method

  $348,422

  Geo Method

  $417,233

• Alternative Use

  Use

  Valuation

  Residential

  $517,833

  Hospitality

  $474,332

  Educational

  $394,639

  Medical

  $408,211

  Retail

  $613,883

Location Insight

City

Tuscumbia

County

Colbert

State

Alabama

Latitude

34.7182

Longitude

-87.6958

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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