23945 John T Reid PkwyScottsboro, AL 35768
- Hospitality properties
- 6,118 SF
Property Details for 23945 John T Reid Pkwy
- Year built
- 1984
- Lot size
- 2.76 AC
- Property size (Sq ft)
- 6,118 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
- APN
- 39 27 09 29 4 000 004.003
- APU
- 392709294000004003
Description
This exceptional two-acre commercial land parcel presents a rare opportunity for development in Scottsboro, Alabama. Located on Highway 78, this site boasts significant contiguous frontage, offering excellent visibility and accessibility for any commercial venture. The property is delivered pad-ready, eliminating costly site preparation and expediting the construction process. This is one of the last remaining pad-ready sites available in the immediate market, making it a highly desirable investment. The property's strategic location is further enhanced by the planned extension of a service road connecting Liberty and Byron, improving traffic flow and accessibility. Adding to the area's appeal, a new Citizens Bank branch is slated to open soon just west of the parcel, bringing increased foot traffic and commercial activity to the vicinity. The property's address is 23945 John T Reid Pkwy, Scottsboro, AL 35768, situated in Jackson County. The precise acreage is approximately two acres. This prime location and ready-to-build status make this an unparalleled opportunity for businesses seeking a high-visibility, easily accessible location in a growing area. The site's characteristics make it ideal for a variety of commercial uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,469,750
- 6.5%
- $1,356,692
- 7%
- $1,259,786
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,341,918
- Geo Method
- $2,804,436
-
Alternative Use
- Use
- Valuation
- Residential
- $1,481,114
- Hospitality
- $1,356,692
- Educational
- $1,128,752
- Medical
- $1,167,571
- Retail
- $1,755,836
Location Insight
- City
- Scottsboro
- County
- Jackson
- State
- Alabama
- Latitude
- 34.6584
- Longitude
- -86.018
- CBSA code
- 42460
- CBSA name
- SCOTTSBORO, AL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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