100 Alabama StPiedmont, AL 36272

Property Details for 100 Alabama St

Year built

1961

Construction

STONE

Lot size

0.25 AC

Property size (Sq ft)

10,601 SF

Property type

Drug stores

APN

09-03-05-3-001-004.000

APU

903053001004000

Description

This exceptional commercial property, located at 100 Alabama Street E in Piedmont, Alabama, presents a unique investment opportunity. The 10,500 square foot building sits on a 0.25-acre lot and offers versatile space suitable for a variety of commercial uses. Previously utilized as light industrial space and, before that, a grocery store, the building's adaptability makes it ideal for numerous businesses. The layout includes a welcoming reception area and dedicated office space upon entry. For added convenience and storage, a separate area in the rear of the building features a roll-up door, perfect for loading and unloading. A significant advantage is the convenient street access behind the building, providing a dedicated delivery area for efficient operations. The property's zoning allows for a wide range of commercial activities, making it an attractive prospect for entrepreneurs and investors alike. For businesses requiring even more space, an adjacent building is also available for purchase, offering significant expansion potential. This prime Piedmont location provides excellent visibility and accessibility, making it an ideal choice for a thriving commercial enterprise. The asking price for this versatile property is $109,900.

• CAP approach

  CAP return

  Valuation

  6%

  $3,295,972

  6.5%

  $3,042,436

  7%

  $2,825,119

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,351,528

  Geo Method

  $5,210,934

• Alternative Use

  Use

  Valuation

  Residential

  $2,566,408

  Hospitality

  $2,350,816

  Educational

  $1,955,851

  Medical

  $2,023,116

  Retail

  $3,042,436

Location Insight

City

Piedmont

County

Calhoun

State

Alabama

Latitude

33.926

Longitude

-85.6106

CBSA code

11500

CBSA name

ANNISTON-OXFORD, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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