2150 Douglas AveBrewton, AL 36426

  • Drive through restaurants
  • 2,490 SF
For Sale
$250,000 View listing

Property Details for 2150 Douglas Ave

Year built
2015
Property size (Sq ft)
2,490 SF
Property type
Drive through restaurants
APN
15-05-16-2-006-011.005
APU
1505162006011005

Description

This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in Brewton, Alabama. Located at 2150 Douglas Ave, this property boasts a highly desirable location directly across from Douglas Square and T.R. Miller High School, ensuring high visibility and accessibility. Ideal for quick-service restaurants (QSRs), this site is one of the last remaining lots on a thriving retail corridor, offering significant potential for immediate development. Utilities are already on-site, simplifying the construction process and reducing upfront costs. Lot 2 even has a curb cut already in place, further streamlining the development timeline. The asking price for this prime commercial land is $250,000. Situated in Escambia County, Alabama, with a zip code of 36426, this property offers unparalleled convenience and exposure. Don't miss this chance to secure a piece of Brewton's vibrant commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $376,389
    6.5%
    $347,436
    7%
    $322,619
  • Comparable approach

    Method
    Valuation
    Relative Method
    $175,269
    Geo Method
    $184,095
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $667,011
    Mixed-Use / Specialty
    $350,450
    Hospitality / Lodging
    $262,650
    Office
    $352,797
    Institutional / Educational
    $365,846
    Residential Income
    $428,040
    Multifamily
    $489,795
    Automotive / Energy
    $313,583
    Parking / Income-Based Land
    $104,012
    Restaurant / Food Service
    $191,347
    Healthcare / Senior Housing
    $355,019

Location Insight

City
Brewton
County
Escambia
State
Alabama
Latitude
31.141
Longitude
-87.0682
CBSA code
12120
CBSA name
ATMORE, AL MICROPOLITAN 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
$7,296
-
-
$145,920
-
$249,160
$480,400
$729,560

FAQs

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