513 Kirkland StAbbeville, AL 36310

Property Details for 513 Kirkland St

Year built

1991

Lot size

1.49 AC

Property size (Sq ft)

3,334 SF

Property type

Banks

APN

37-10-04-20-3-001-010.000

APU

371004203001010000

Description

This exceptional commercial property, situated on a generous two-acre lot in Abbeville's thriving business district, presents a unique investment opportunity. Previously occupied by Wells Fargo Bank, the building boasts a highly desirable layout perfectly suited for financial institutions or adaptable for a wide range of businesses. Key features include two convenient drive-thru banking lanes, a dedicated ATM lane, and ample parking accommodating 27 vehicles. The interior comprises a spacious lobby area, three or four private offices (depending on configuration needs), substantial storage space, and a dedicated mop room. The property's functionality is further enhanced by the recent replacement of both HVAC units within the last three years, ensuring efficient and cost-effective climate control. Its prime location and versatile design make this property an ideal choice for entrepreneurs seeking a ready-to-occupy space or investors looking for a strong return. The building's history as a successful bank provides a solid foundation for continued success, while its adaptable layout allows for creative customization to suit a variety of commercial ventures. The expansive parking area ensures convenient access for customers and employees alike. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a vibrant Alabama community. The asking price is $475,000.

• CAP approach

  CAP return

  Valuation

  6%

  $495,025

  6.5%

  $456,946

  7%

  $424,307

• Comparable approach

  Method

  Valuation

  Relative Method

  $597,275

  Geo Method

  $597,275

• Alternative Use

  Use

  Valuation

  Residential

  $385,451

  Hospitality

  $353,071

  Educational

  $293,751

  Medical

  $303,854

  Retail

  $456,946

Location Insight

City

Abbeville

County

Henry

State

Alabama

Latitude

31.5619

Longitude

-85.2519

CBSA code

20020

CBSA name

DOTHAN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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