550 Powers AveAnniston, AL 36205

Property Details for 550 Powers Ave

Year built

1936

Construction

ADOBE

Lot size

2.22 AC

Property size (Sq ft)

6,443 SF

Property type

Office properties

Property subtype

Office buildings

APN

18-05-21-1-003-001.000

APU

1805211003001000

Description

This exceptional 7,700 square foot office building presents a unique investment opportunity in Anniston, Alabama. Located at 550 Powers Ave, 36205, this traditional office space boasts high-end finishes including a barrel tile roof and travertine tile flooring, reflecting quality construction and sophisticated design. Situated on a 2.22-acre lot, the property offers ample parking with approximately 26 spaces, ensuring convenience for employees and clients. Its strategic location near the Walmart Supercenter within Anniston's retail corridor provides excellent visibility and accessibility. Access is easily gained via Baltzell Gate Road. The asking price is $650,000, translating to a price per square foot of $84.42. This well-maintained building, situated on Fort McClellan base, offers a blend of functionality and prestige, making it an ideal acquisition for businesses seeking a prominent presence in a thriving commercial area. The property's size, high-quality finishes, and convenient location combine to create a compelling investment opportunity. This is a rare chance to acquire a substantial and well-appointed office building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,362,723

  6.5%

  $1,257,898

  7%

  $1,168,048

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,049,500

  Geo Method

  $1,256,772

• Alternative Use

  Use

  Valuation

  Residential

  $1,559,793

  Hospitality

  $1,428,762

  Educational

  $1,188,713

  Medical

  $1,229,595

  Retail

  $1,849,110

Location Insight

City

Anniston

County

Calhoun

State

Alabama

Latitude

33.7151

Longitude

-85.7971

CBSA code

11500

CBSA name

ANNISTON-OXFORD, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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