207 Gilmer AveTallassee, AL 36078

Property Details for 207 Gilmer Ave

Year built

1994

Property size (Sq ft)

4,988 SF

Property type

Retail properties

APN

19-06-13-4-002-009.000

APU

1906134002009000

Description

This exceptional commercial property, located at 207 Gilmer Avenue in the desirable downtown Tallassee, Alabama, presents a significant investment opportunity. Offered at $1,000,000, this property boasts approximately 8,000 square feet of space, according to tax maps, and offers a versatile layout ideal for a variety of commercial uses. The building features a convenient roll-up door, perfect for loading and unloading, and includes two restrooms for employee and customer convenience. The property also includes a separate house, adding to its overall value and potential uses. Its prime location provides excellent visibility and accessibility, with 96 feet of road frontage directly on Highway 14/Gilmer Avenue. The building's design incorporates office space in the front and a shop area in the rear, providing flexibility for various business needs. This property is ready for immediate occupancy and presents a rare opportunity to acquire a substantial commercial property in a thriving Alabama town. Don't miss this chance to own a piece of Tallassee's commercial landscape. Schedule a viewing today

• CAP approach

  CAP return

  Valuation

  6%

  $949,824

  6.5%

  $876,761

  7%

  $814,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,451,858

  Geo Method

  $2,451,858

• Alternative Use

  Use

  Valuation

  Residential

  $739,580

  Hospitality

  $677,452

  Educational

  $563,632

  Medical

  $583,016

  Retail

  $876,761

Location Insight

City

Tallassee

County

Elmore

State

Alabama

Latitude

32.5406

Longitude

-85.9018

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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