1921 Crawford RdPhenix City, AL 36867
- Mixed-use properties
- 9,516 SF
Property Details for 1921 Crawford Rd
- Year built
- 1950
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.42 AC
- Property size (Sq ft)
- 9,516 SF
- Zone code
- O
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 05 02 10 03 303 052.000
- APU
- 5021003303052000
Description
This exceptional investment opportunity presents a 17,500 square foot, single-story commercial property in Phenix City, Alabama. The property, built in 1950 and renovated in 2017, sits on a 1.05-acre lot and features a mix of retail and self-storage space. Approximately 11,000 square feet is dedicated to street-level retail space, while an additional 6,500 square feet is currently used for self-storage, offering 54 individual units. The property's ideal location on Crawford Road boasts high traffic counts of approximately 22,000 vehicles daily. Previously a Harvey Lumber warehouse, the building has been successfully repurposed for multi-use purposes, including church and retail functions. The self-storage component presents a strong potential for expansion and increased revenue, particularly with the addition of climate-controlled units. The asking price is $1,375,000, translating to $78.57 per square foot and $25,463 per unit. This Class B property offers a unique blend of retail and self-storage, making it an attractive investment for owner-users seeking a high-traffic location in a growing market. The property's APN is 05 02 10 03 303 052.000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,500,869
- 6.5%
- $1,385,417
- 7%
- $1,286,459
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,877,096
- Geo Method
- $2,877,096
-
Alternative Use
- Use
- Valuation
- Residential
- $1,385,417
- Hospitality
- $1,269,035
- Educational
- $1,055,822
- Medical
- $1,092,134
- Retail
- $1,642,390
Location Insight
- City
- Phenix City
- County
- Russell
- State
- Alabama
- Latitude
- 32.4739
- Longitude
- -85.0209
- CBSA code
- 17980
- CBSA name
- COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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