401 3Rd StCullman, AL 35055

Property Details for 401 3Rd St

Year built

1990

Lot size

1.39 AC

Property size (Sq ft)

2,128 SF

Property type

Office buildings

APN

17-05-15-2-014-001.000

APU

1705152014001000

Description

This exceptional 746-square-foot commercial property, situated on a 0.3-acre lot at 401 3rd Street in Cullman, Alabama, presents a unique investment opportunity. Located in the heart of the historic district, this property enjoys unparalleled visibility and accessibility, being within walking distance of the downtown area. Previously utilized as a convenience store and later as a car lot, its versatile layout offers significant potential for a wide range of businesses. The property's prime corner location on Highway 278, a major thoroughfare into Cullman, ensures high traffic volume, providing excellent exposure and potential for substantial customer traffic. The building's 746 square feet offer ample space for various commercial uses, while the sizable 0.3-acre lot provides ample parking and potential for expansion or outdoor display areas. This property's strategic location, combined with its adaptable floor plan and high visibility, makes it an ideal investment for entrepreneurs seeking a thriving business environment in a vibrant and historic community. The property is priced at $599,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $450,081

  6.5%

  $415,460

  7%

  $385,784

• Comparable approach

  Method

  Valuation

  Relative Method

  $346,630

  Geo Method

  $415,088

• Alternative Use

  Use

  Valuation

  Residential

  $515,170

  Hospitality

  $471,893

  Educational

  $392,609

  Medical

  $406,112

  Retail

  $610,726

Location Insight

City

Cullman

County

Cullman

State

Alabama

Latitude

34.1744

Longitude

-86.8465

CBSA code

18980

CBSA name

CULLMAN, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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