21454 Main StRanburne, AL 36273

Property Details for 21454 Main St

Year built

1967

Lot size

0.43 AC

Property size (Sq ft)

3,432 SF

Property type

Banks

APN

18 23 06 24 0 006 003.000

APU

182306240006003000

Description

This exceptional 3,356 square foot retail property, formerly a bank branch, is ideally located at 21454 Main St, Ranburne, Alabama, 36273 in Cleburne County. Offered at $200,000, this property boasts excellent visibility and ample parking with 30 onsite spaces. The building's convenient design includes two drive-thru lanes and a dedicated ATM lane, presenting a unique opportunity for a variety of businesses. The spacious interior offers significant flexibility for adaptation to diverse retail needs. Its prior use as a bank ensures a robust and well-maintained structure, ready for immediate occupancy. The property's strategic location in Ranburne, Alabama, provides access to a thriving local community. This turnkey opportunity combines a desirable location with a functional layout and attractive price point, making it an ideal investment for savvy entrepreneurs seeking a high-impact retail space. The property's features, including the drive-thrus and ample parking, are particularly attractive to businesses requiring convenient customer access. This is a rare chance to acquire a well-positioned, ready-to-use commercial building in a growing market. Don't miss this chance to own a piece of Ranburne's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $896,133

  6.5%

  $827,200

  7%

  $768,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,522,037

  Geo Method

  $1,687,004

• Alternative Use

  Use

  Valuation

  Residential

  $697,774

  Hospitality

  $639,157

  Educational

  $531,771

  Medical

  $550,060

  Retail

  $827,200

Location Insight

City

Ranburne

County

Cleburne

State

Alabama

Latitude

33.526

Longitude

-85.3412

Property Tax & Assessments

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