5566 4Th StSatsuma, AL 36572

Property Details for 5566 4Th St

Year built

1994

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

2,203 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

19 06 23 3 000 101.01X

APU

190623300010101X

Description

This mixed-use retail property, a 2,160 square foot convenience store building, is situated on a 0.05-acre lot in Satsuma, Alabama, at 5566 4th St, zip code 36572. Built in 1960, this single-story building features excellent curb appeal and visibility from Highway 43 N, offering significant potential for various retail ventures. The property includes five parking spaces for customer convenience. The asking price is $90,000. The building is sold "as is," "where is," with all measurements approximate and requiring verification by the buyer. Note that a separate residential property is available for purchase with this commercial property for a combined price of $250,000. This presents a unique opportunity for an owner-operator or investor seeking a combined residential and commercial investment. The property is ideal for a restaurant, antique store, boutique, or similar businesses. This is a one-unit building.

• CAP approach

  CAP return

  Valuation

  6%

  $385,887

  6.5%

  $356,203

  7%

  $330,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $238,664

  Geo Method

  $242,747

• Alternative Use

  Use

  Valuation

  Residential

  $356,203

  Hospitality

  $326,280

  Educational

  $271,461

  Medical

  $280,797

  Retail

  $422,273

Location Insight

City

Satsuma

County

Mobile

State

Alabama

Latitude

30.8526

Longitude

-88.0559

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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