3354 Rainbow DrRainbow City, AL 35906

Property Details for 3354 Rainbow Dr

Year built

1956

Construction

CONCRETE BLOCKS

Lot size

0.56 AC

Property size (Sq ft)

7,090 SF

Property type

Investment properties

Property subtype

Live-work space

APN

15-09-29-3-000-042.000

APU

1509293000042000

Description

This exceptional 0.7-acre commercial lot, located at 3354 Rainbow Dr in Rainbow City, Alabama, presents a unique opportunity for ground lease or build-to-suit development. Situated in Etowah County, zip code 35906, this single-tenant retail property offers significant potential for entrepreneurs and investors. The lot's size provides ample space for a variety of commercial ventures. The property is zoned for commercial use and is ready for immediate development. Built in 1956, the land offers a blank canvas for a modern, efficient structure tailored to specific business needs. This prime location offers excellent visibility and accessibility, making it an ideal spot for attracting customers. The property's location within Rainbow City ensures convenient access to local amenities and a thriving community. This is a rare chance to establish a presence in a desirable area with high growth potential. Interested parties are encouraged to explore the possibilities this exceptional property offers. The property is available for lease or build-to-suit arrangements. Contact us to discuss your vision and explore the potential of this remarkable site.

• CAP approach

  CAP return

  Valuation

  6%

  $1,718,100

  6.5%

  $1,585,940

  7%

  $1,472,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,177,990

  Geo Method

  $1,410,630

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,136,730

  Retail / Commercial

  $1,599,070

  Hospitality / Lodging

  $1,153,880

  Office

  $1,568,780

  Institutional / Educational

  $1,646,080

  Residential Income

  $1,925,910

  Multifamily

  $2,351,030

  Automotive / Energy

  $1,410,930

  Parking / Income-Based Land

  $494,234

  Restaurant / Food Service

  $809,001

  Healthcare / Senior Housing

  $1,633,970

Location Insight

City

Rainbow City

County

Etowah

State

Alabama

Latitude

33.957

Longitude

-86.0388

CBSA code

23460

CBSA name

GADSDEN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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