1000 19Th StBessemer, AL 35020

Property Details for 1000 19Th St

Year built

1920

Lot size

0.31 AC

Property size (Sq ft)

2,257 SF

Zone code

C3

Property type

Investment properties

Property subtype

Live-work space

APN

38-00-04-3-012-018.000

APU

3800043012018000

Description

This exceptional retail property at 1000 19TH STREET N, Bessemer, AL, presents a compelling investment opportunity. Priced at $159,900, this 0.31-acre lot boasts a building with significant adaptability. The existing structure features a spacious gathering area, perfect for various retail uses or community events. A fully equipped kitchen, dedicated office space, and two bathrooms with a shower add to the property's functionality. The building's layout offers flexibility for customization to suit a wide range of business needs. A key advantage is the adjacent sizable lot, providing ample space for expansion. This could accommodate a second building, significantly increasing the property's square footage, or serve as a large parking area to accommodate customers and staff. The property's location is another significant asset. Situated in Bessemer, AL, it enjoys high visibility and easy access, being conveniently located just off the interstate and in close proximity to a Lowe's home improvement store, ensuring high foot traffic and excellent brand visibility. This combination of versatile space, expansion potential, and prime location makes this property an ideal investment for entrepreneurs and savvy investors seeking a strong return. The property is ready for immediate occupancy and offers a unique chance to establish or expand a thriving business in a bustling area.

• CAP approach

  CAP return

  Valuation

  6%

  $477,365

  6.5%

  $440,645

  7%

  $409,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $367,643

  Geo Method

  $440,250

• Alternative Use

  Use

  Valuation

  Residential

  $546,400

  Hospitality

  $500,499

  Educational

  $416,409

  Medical

  $430,730

  Retail

  $647,748

Location Insight

City

Bessemer

County

Jefferson

State

Alabama

Latitude

33.4073

Longitude

-86.9626

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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