207 Main StHartford, AL 36344

  • Retail space
  • 2,034 SF
For Sale
$325,000 View listing

Property Details for 207 Main St

Year built
1926
Construction
FRAME
Lot size
4.00 AC
Property size (Sq ft)
2,034 SF
Property type
Retail space
APN
1207362026003000
APU
1207362026003000

Description

This exceptional opportunity presents a thriving, turn-key florist and gift shop in the heart of Hartford, Alabama. Located on busy Highway 52, next to city hall, this established business has served the community for over 30 years. The property boasts a charming 2,034 square foot building, originally constructed in 1926, offering a blend of historical character and modern functionality. The brick exterior and original hardwood floors maintain the building's unique charm. The interior layout is adaptable, potentially accommodating a three or four-bedroom home conversion. The sizable 0.36-acre lot provides ample space, with convenient access from Highway 52 and Burch Street. A site-built outbuilding serves as storage and houses a walk-in cooler, essential for the floral business. Additional storage is provided by a portable storage unit. The business itself offers a diverse range of products and services, including fresh and silk flower arrangements for all occasions, home and gift items, gift wrapping, and delivery services. This presents a rare chance to acquire a profitable, well-regarded business with significant growth potential, combined with a versatile property in a desirable location. The property's history and established clientele base provide a strong foundation for continued success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $266,201
    6.5%
    $245,724
    7%
    $228,172
  • Comparable approach

    Method
    Valuation
    Relative Method
    $150,381
    Geo Method
    $150,381
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $513,791
    Mixed-Use / Specialty
    $230,864
    Hospitality / Lodging
    $151,171
    Office
    $214,927
    Institutional / Educational
    $235,007
    Residential Income
    $274,959
    Multifamily
    $407,295
    Automotive / Energy
    $201,435
    Parking / Income-Based Land
    $83,328.70
    Restaurant / Food Service
    $90,229.60
    Healthcare / Senior Housing
    $251,087

Location Insight

City
Hartford
County
Geneva
State
Alabama
Latitude
31.1013
Longitude
-85.6986
CBSA code
20020
CBSA name
DOTHAN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,049
$2,720
$24,240
$26,960
-
$13,600
$121,200
$134,800

FAQs

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