115 Grand AveRainbow City, AL 35906

Property Details for 115 Grand Ave

Year built

1997

Construction

CONCRETE BLOCKS

Lot size

5.12 AC

Property size (Sq ft)

39,916 SF

Property type

Investment properties

Property subtype

Live-work space

APN

15-09-29-3-000-039.000

APU

1509293000039000

Description

Invest in two prime retail spaces within the vibrant Rainbow Crossing shopping center in Etowah County. This thriving strip center boasts a total of 59,584 square feet of gross leasable area (GLA) and enjoys a highly visible location at the intersection of Rainbow Drive (Highway 441) and West Grand Avenue (Highway 77). The property benefits from its strategic placement directly across from a Publix supermarket, ensuring high foot traffic and excellent visibility. Two spaces are currently available: a 5,180 square foot unit situated next to a Honey Baked Ham, and a 1,980 square foot space, previously a restaurant, complete with a drive-thru pickup window and grease trap, ideal for a variety of food service businesses. The center is anchored by the town's largest and most active fitness facility, further enhancing its appeal and drawing a diverse customer base. This presents a unique opportunity to establish a presence in a bustling retail environment with strong existing tenants and high consumer traffic. The available spaces offer flexibility for various retail concepts, making them an attractive investment for businesses seeking a prime location in a thriving market. Don't miss this chance to secure a space in one of Etowah County's most sought-after retail destinations.

• CAP approach

  CAP return

  Valuation

  6%

  $8,442,408

  6.5%

  $7,792,992

  7%

  $7,236,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,501,916

  Geo Method

  $7,786,015

• Alternative Use

  Use

  Valuation

  Residential

  $9,663,310

  Hospitality

  $8,851,540

  Educational

  $7,364,378

  Medical

  $7,617,650

  Retail

  $11,455,698

Location Insight

City

Rainbow City

County

Etowah

State

Alabama

Latitude

33.9563

Longitude

-86.0416

CBSA code

23460

CBSA name

GADSDEN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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