1516 Pelham RdJacksonville, AL 36265

Property Details for 1516 Pelham Rd

Year built

1982

Construction

BRICK

Lot size

0.52 AC

Property size (Sq ft)

3,180 SF

Property type

Office buildings

APN

12-06-23-4-001-012.001

APU

1206234001012001

Description

This exceptional 1.07-acre commercial property, located at 1516 Pelham Rd S in Jacksonville, Alabama (zip code 36265), presents a lucrative investment opportunity. Situated on busy US Highway 21 near Jacksonville State University (JSU), this property boasts a prime location with approximately 23,000 average daily traffic counts (ADTC). The site includes two buildings, constructed in 1955 and 1982, totaling 100% occupancy. Currently configured as an auto shop, quick-service restaurant (QSR), and storefront, the property offers versatile options for a variety of retail, service, or restaurant uses. The property is zoned for General Business (B2) and sits across the highway from established businesses including Walmart and Hampton Inn, further enhancing its visibility and accessibility. The property is offered fee simple, with a total asking price of $950,000. JSU's continued growth, evidenced by new dorms, a fitness center, and expanded athletic facilities, ensures a strong and expanding market. This is part of a larger 3.3-acre offering, with additional parcels and property divisions available. The property's APN is 1206234001011.000. This is an owner/user investment opportunity in a rapidly growing college town.

• CAP approach

  CAP return

  Valuation

  6%

  $672,584

  6.5%

  $620,847

  7%

  $576,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $517,990

  Geo Method

  $620,291

• Alternative Use

  Use

  Valuation

  Residential

  $769,850

  Hospitality

  $705,178

  Educational

  $586,700

  Medical

  $606,878

  Retail

  $912,645

Location Insight

City

Jacksonville

County

Calhoun

State

Alabama

Latitude

33.7943

Longitude

-85.7606

CBSA code

11500

CBSA name

ANNISTON-OXFORD, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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