601 19Th StBessemer, AL 35020

Property Details for 601 19Th St

Year built

1950

Lot size

0.66 AC

Property size (Sq ft)

8,612 SF

Zone code

C3

Property type

Retail properties

Property subtype

Banks

APN

38-00-09-1-005-006.000

APU

3800091005006000

Description

This exceptional 4,440-square-foot retail building is situated on a prominent corner lot in downtown Bessemer, Alabama, encompassing 0.65 acres. Currently vacant, this property presents a unique opportunity for a variety of commercial ventures. Previously used as a bank, the building offers substantial space adaptable to multiple uses, including but not limited to an auto shop or daycare center. The asking price is $499,900, translating to $112.59 per square foot. The property's high-profile location and ample space make it ideal for businesses seeking strong visibility and significant square footage. The address is 601 19th St N, Bessemer, AL 35020, within Jefferson County. The building's size and location offer significant potential for a range of businesses looking to establish a presence in a thriving community. The property is being offered for sale by owner and is ready for immediate occupancy. Its versatile layout and substantial size provide ample room for customization to suit a variety of business needs. This is a rare opportunity to acquire a substantial commercial property in a desirable location at a competitive price.

• CAP approach

  CAP return

  Valuation

  6%

  $2,677,569

  6.5%

  $2,471,602

  7%

  $2,295,059

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,535,078

  Geo Method

  $4,233,239

• Alternative Use

  Use

  Valuation

  Residential

  $2,084,889

  Hospitality

  $1,909,747

  Educational

  $1,588,887

  Medical

  $1,643,531

  Retail

  $2,471,602

Location Insight

City

Bessemer

County

Jefferson

State

Alabama

Latitude

33.405

Longitude

-86.9571

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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