1931 6Th AveBessemer, AL 35020

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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