1401 Fairview AvePrattville, AL 36066
- Office properties
- 3,592 SF
Property Details for 1401 Fairview Ave
- Year built
- 1890
- Construction
- WOOD
- Lot size
- 8.00 AC
- Property size (Sq ft)
- 3,592 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 19-01-02-2-000-002.002
- APU
- 1901022000002002
Description
This exceptional 3.02-acre commercial land parcel presents a unique investment opportunity in Prattville, Alabama. Situated on Fairview Avenue, a major thoroughfare, this highly visible lot benefits from its location within Prattville's rapidly expanding commercial corridor. The property's strategic position places it within minutes of major retailers including Target, Home Depot, Lowe's, Books-A-Million, Starbucks, Publix, and Bass Pro Shops, ensuring high traffic and visibility. Its proximity to a popular golf destination further enhances its appeal, drawing significant attention to the area. The surrounding area is experiencing substantial growth, with a high density of new homes and businesses within a one-mile radius. Convenient access to Interstate 65 is another key advantage, with the property located just 0.6 miles from the second Prattville exit. Cobbs Ford Road is also easily accessible, situated only 2.0 miles away. This property is offered at an asking price of $399,000 and presents a compelling opportunity for developers and investors seeking a prime location in a thriving market. The property is zoned for commercial use (verification required). The address is 1401 Fairview Ave, Prattville, AL 36066.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $482,858
- 6.5%
- $445,715
- 7%
- $413,879
-
Comparable approach
- Method
- Valuation
- Relative Method
- $515,103
- Geo Method
- $700,656
-
Alternative Use
- Use
- Valuation
- Residential
- $552,687
- Hospitality
- $506,258
- Educational
- $421,201
- Medical
- $435,687
- Retail
- $655,202
Location Insight
- City
- Prattville
- County
- Autauga
- State
- Alabama
- Latitude
- 32.4836
- Longitude
- -86.4275
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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