318 Greenville BypGreenville, AL 36037

Property Details for 318 Greenville Byp

Lot size

1.29 AC

Property size (Sq ft)

5,400 SF

Property type

Gas stations

APN

10 08 01 11 0 004 019.000

APU

100801110004019000

Description

This exceptional commercial property, situated on the highly visible Greenville Bypass in Greenville, Alabama, presents a unique investment opportunity. The property comprises two separate buildings, connected by a convenient covered parking area. One building features office space and an attached employee living quarters. This living area includes a fully equipped kitchen, two handicap-accessible bathrooms (one with a shower), a common area, and two sleeping areas, which could also serve as additional offices. The property includes two commercial lots, one measuring 100 x 396 feet and the other 100 x 401 feet, providing significant space for expansion or future development. The main building, a well-maintained metal structure, measures 24 x 45 feet with an interior height of approximately 15 feet. The property's prime location on the Greenville Bypass ensures high visibility and accessibility, making it ideal for a variety of commercial uses. The existing building is in excellent condition and offers ample space for immediate occupancy, while the expansive lot size allows for significant future growth potential. This is a rare opportunity to acquire a versatile and well-maintained commercial property in a desirable location. The asking price is $450,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,109,959

  6.5%

  $1,024,577

  7%

  $951,393

• Comparable approach

  Method

  Valuation

  Relative Method

  $943,758

  Geo Method

  $967,393

• Alternative Use

  Use

  Valuation

  Residential

  $864,269

  Hospitality

  $791,666

  Educational

  $658,657

  Medical

  $681,309

  Retail

  $1,024,577

Location Insight

City

Greenville

County

Butler

State

Alabama

Latitude

31.8484

Longitude

-86.6309

Property Tax & Assessments

FAQs

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