5108 Gary AveFairfield, AL 35064

Property Details for 5108 Gary Ave

Year built

1927

Lot size

0.09 AC

Property size (Sq ft)

2,565 SF

Zone code

B3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

30-00-12-2-037-021.000

APU

3000122037021000

Description

This exceptional Fairfield, Alabama retail opportunity presents two adjacent brick buildings situated on a 0.09-acre lot at 5108 Gary Avenue. Priced at $165,000, this property offers incredible versatility and potential for a variety of businesses. The buildings, 5106 and 5108 Gary Avenue, are separately metered, providing the flexibility to operate as two independent spaces or combine them for a larger footprint. The all-brick construction ensures durability and a professional aesthetic. The property's zoning allows for a wide range of uses, making it suitable for a hair salon, barbershop, restaurant, small lounge, or various retail ventures. This is a rare chance to acquire a well-located, adaptable property in a thriving area. The individual metering allows for efficient utility management and cost control, regardless of whether the buildings are used separately or together. The combined space offers significant potential for expansion or diversification of a business. This property is ready for immediate occupancy and presents a unique opportunity for entrepreneurs and investors alike. The strategic location in Fairfield offers excellent visibility and accessibility, ensuring a strong foundation for success. Don't miss this chance to secure a prime retail space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $542,509

  6.5%

  $500,777

  7%

  $465,007

• Comparable approach

  Method

  Valuation

  Relative Method

  $417,813

  Geo Method

  $500,329

• Alternative Use

  Use

  Valuation

  Residential

  $620,964

  Hospitality

  $568,800

  Educational

  $473,234

  Medical

  $489,510

  Retail

  $736,143

Location Insight

City

Fairfield

County

Jefferson

State

Alabama

Latitude

33.4874

Longitude

-86.916

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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