1830 Lee AveCullman, AL 35055

Property Details for 1830 Lee Ave

Year built

2015

Construction

WOOD

Lot size

1.40 AC

Property size (Sq ft)

6,941 SF

Property type

Retail space

APN

17-05-22-3-001-002.009

APU

1705223001002009

Description

This exceptional 6,955-square-foot office building presents a unique investment opportunity in Cullman, Alabama. Constructed in 2015, the single-story structure sits on a 1.4-acre lot and is zoned B2. The property boasts a prime location in a high-traffic area, surrounded by numerous restaurants, retail establishments, and the Heritage Park Sport Complex, ensuring high visibility and accessibility. While currently vacant, the building offers significant potential for various uses, including creative office, medical office, or traditional office space. The building's modern design incorporates numerous upgrades. Detailed lease information and specifications are available upon request. The asking price is $2,799,000, translating to $402.44 per square foot. The property's address is 1830 Lee Ave SW, Cullman, AL 35055, and its APN is 1705223001002009. This is a modified lease tenancy property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,158,036

  6.5%

  $1,992,033

  7%

  $1,849,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,849,161

  Geo Method

  $3,411,857

• Alternative Use

  Use

  Valuation

  Residential

  $1,680,355

  Hospitality

  $1,539,196

  Educational

  $1,280,593

  Medical

  $1,324,634

  Retail

  $1,992,033

Location Insight

City

Cullman

County

Cullman

State

Alabama

Latitude

34.1551

Longitude

-86.8412

CBSA code

18980

CBSA name

CULLMAN, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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