300 Baker RdSatsuma, AL 36572
- Healthcare properties
- 19,079 SF
Property Details for 300 Baker Rd
- Year built
- 1962
- Lot size
- 4.99 AC
- Property size (Sq ft)
- 19,079 SF
- Property type
- Healthcare properties
- Property subtype
- Assisted living facilities
- APN
- 19 08 27 2 000 014.XXX
- APU
- 1908272000014XXX
Description
This exceptional 19,000 square foot mixed-use property in Satsuma, Alabama, presents a unique investment opportunity. Located at 300 Baker Rd, 36572, this single-story, Class B building, constructed in 1960, sits on a spacious 5-acre lot. Currently vacant, the property offers significant potential for redevelopment or repurposing. The existing structure includes a 26-bedroom complex featuring eight private rooms and eighteen double-occupancy rooms, along with numerous office and activity spaces, and a separate back building. The property's strategic location offers excellent visibility, situated near Satsuma Elementary and Middle Schools at the intersection of Baker and Hartley Roads. The property is bank-owned and constructed of concrete block. A significant amount of existing furniture, fixtures, and equipment (FFE) remains on the premises and will be included in the sale. This offering presents a rare chance to acquire a substantial property with considerable upside in a desirable location. The asking price is $349,900.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,642,634
- 6.5%
- $2,439,355
- 7%
- $2,265,115
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,537,146
- Geo Method
- $1,559,775
-
Alternative Use
- Use
- Valuation
- Residential
- $3,094,425
- Hospitality
- $2,834,476
- Educational
- $2,358,251
- Medical
- $2,439,355
- Retail
- $3,668,390
Location Insight
- City
- Satsuma
- County
- Mobile
- State
- Alabama
- Latitude
- 30.8482
- Longitude
- -88.07
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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