1931 6Th AveBessemer, AL 35020

  • Mixed-use properties
  • 3,335 SF
For Sale
$490,000 View listing

Property Details for 1931 6Th Ave

Year built
1955
Lot size
0.11 AC
Property size (Sq ft)
3,335 SF
Zone code
C3
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
38-00-09-1-006-003.000
APU
3800091006003000

Description

This exceptional 0.12-acre commercial property located at 1931 6TH AVENUE N, Bessemer, AL, presents a unique investment opportunity. Priced at $490,000, the building offers significant versatility, currently operating as a beauty salon but readily adaptable to a wide range of uses. Imagine transforming this space into your ideal business venture – whether it's a daycare, office building, or another retail establishment, the possibilities are endless. Recent improvements include a brand-new roof and fresh paint, enhancing both the aesthetic appeal and structural integrity. Furthermore, some electrical wiring has been updated, ensuring modern functionality. The interior comprises seven private office suites, each offering a dedicated workspace. High-quality tile flooring adds to the overall professional ambiance. The current owner is also offering the existing salon equipment for sale separately, providing a potential turnkey solution for a beauty-related business. This property's prime location in Bessemer, coupled with its recent renovations and adaptable layout, makes it an attractive proposition for discerning investors and entrepreneurs seeking a profitable venture. Don't miss this chance to acquire a versatile and well-maintained commercial space with immense potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $705,367
    6.5%
    $651,108
    7%
    $604,600
  • Comparable approach

    Method
    Valuation
    Relative Method
    $543,238
    Geo Method
    $650,525
  • Alternative Use

    Use
    Valuation
    Residential
    $807,374
    Hospitality
    $739,550
    Educational
    $615,297
    Medical
    $636,458
    Retail
    $957,129
1931 6Th Ave, Bessemer, Alabama

Location Insight

City
Bessemer
County
Jefferson
State
Alabama
Latitude
33.4053
Longitude
-86.9559
CBSA code
13820
CBSA name
BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$746
$2,000
$12,260
$14,260
-
$10,000
$61,300
$71,300

FAQs

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