472 Craft HwyChickasaw, AL 36611

Property Details for 472 Craft Hwy

Year built

1970

Lot size

0.17 AC

Property size (Sq ft)

1,210 SF

Property type

Commercial real estate

APN

22 09 44 0 008 017.XXX

APU

2209440008017XXX

Description

This exceptional mixed-use property, located at 472 Craft Highway N in Chickasaw, Alabama, presents a unique investment opportunity. Boasting a prime main street location on Highway 43, this 1,210 square foot building sits on a 0.17-acre lot and offers 50 feet of valuable road frontage. Its history as an iconic local shop speaks to its established presence within the community. The property's versatile nature allows for a variety of commercial uses, making it ideal for entrepreneurs seeking a high-visibility location. The building's size and layout provide ample space for a retail business, office space, or a combination of both. The 0.17-acre lot offers potential for expansion or outdoor amenities. This property is being offered at $65,900. All offers must include a pre-approval letter or proof of funds. Prospective buyers are responsible for independently verifying all details concerning the property. This is a rare opportunity to acquire a well-situated commercial property in a thriving community. Don't miss out on this chance to own a piece of Chickasaw's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $185,726

  6.5%

  $171,439

  7%

  $159,194

• Comparable approach

  Method

  Valuation

  Relative Method

  $81,895.20

  Geo Method

  $86,018.90

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $324,130

  Retail / Commercial

  $168,834

  Mixed-Use / Specialty

  $170,299

  Hospitality / Lodging

  $127,633

  Office

  $171,439

  Institutional / Educational

  $177,781

  Residential Income

  $208,003

  Multifamily

  $238,013

  Automotive / Energy

  $152,383

  Parking / Income-Based Land

  $50,544.20

  Restaurant / Food Service

  $92,983.80

  Healthcare / Senior Housing

  $172,519

Location Insight

City

Chickasaw

County

Mobile

State

Alabama

Latitude

30.7727

Longitude

-88.0748

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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