521 Main StArab, AL 35016

Property Details for 521 Main St

Year built

1998

Construction

WOOD

Lot size

4.01 AC

Property size (Sq ft)

5,095 SF

Zone code

11

Property type

Office buildings

APN

13-07-26-4-000-003.000

APU

1307264000003000

Description

This exceptional 5,090-square-foot retail property, located at 521 S Main St in Arab, Alabama (35016), presents a unique investment opportunity. Built in 1998, the building sits on a lot with fenced areas, offering ample space and privacy. The property is zoned for business use, providing flexibility for a variety of commercial ventures. The building features two distinct levels. The upper level is fully finished, boasting four separate addresses, each equipped with a restroom, kitchen, and rooms with closets. This area is ideal for multi-tenant occupancy or a business requiring separate spaces. The lower level is designed for a pet-related business, complete with kennels, a wash station, and a reception area. This pre-existing setup could significantly reduce start-up costs for a prospective buyer. The property is being sold "as is," offering the buyer the chance to customize and enhance the space to meet their specific needs. The asking price is $375,000, translating to a price per square foot of $73.67. This presents a compelling opportunity for investors seeking a versatile commercial property in a thriving Alabama market. Don't miss this chance to acquire a well-located, multi-functional building with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,077,615

  6.5%

  $994,721

  7%

  $923,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $829,924

  Geo Method

  $993,831

• Alternative Use

  Use

  Valuation

  Residential

  $1,233,454

  Hospitality

  $1,129,838

  Educational

  $940,012

  Medical

  $972,340

  Retail

  $1,462,240

Location Insight

City

Arab

County

Marshall

State

Alabama

Latitude

34.3089

Longitude

-86.4958

CBSA code

10700

CBSA name

ALBERTVILLE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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