100 Symphony WayAnniston, AL 36205

Property Details for 100 Symphony Way

Year built

1950

Lot size

4.70 AC

Property size (Sq ft)

8,016 SF

Property type

Office properties

Property subtype

Office buildings

APN

18-05-15-3-003-001.000

APU

1805153003001000

Description

This exceptional mixed-use property in Anniston, Alabama, presents a unique investment opportunity. Located on a 4.7-acre lot at 100 Symphony Way (APN 18-05-15-3-003-001.000), this 8,646 square foot facility ($341.20/sq ft) was redeveloped in 2019. The property includes a full-service restaurant and bar, complemented by a state-of-the-art, eight-court collegiate sand volleyball venue with lighting and spectator areas. Currently hosting Jacksonville State University volleyball teams and various leagues and tournaments, the venue boasts a large indoor dining area with glass roll-up doors seamlessly connecting to an expansive outdoor patio, perfect for events and gatherings. The property's versatility extends to its location at the entrance to the McClellan Industrial Village, a developing area featuring 302 residential units and 12,000 square feet of retail space. This location offers significant potential for growth and increased revenue streams. The property is situated in an opportunity zone and qualifies for State and Federal Historic Tax Credits, providing substantial financial incentives. Owner financing is available. This is a rare chance to acquire a thriving business with significant upside potential in a rapidly developing area. The property is a single unit, and the asking price is $2,950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,695,419

  6.5%

  $1,565,002

  7%

  $1,453,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,305,726

  Geo Method

  $1,563,601

• Alternative Use

  Use

  Valuation

  Residential

  $1,940,603

  Hospitality

  $1,777,582

  Educational

  $1,478,927

  Medical

  $1,529,790

  Retail

  $2,300,553

Location Insight

City

Anniston

County

Calhoun

State

Alabama

Latitude

33.7173

Longitude

-85.7924

CBSA code

11500

CBSA name

ANNISTON-OXFORD, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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