4941 Highway 280Harpersville, AL 35078

Property Details for 4941 Highway 280

Year built

1953

Construction

WOOD

Lot size

2.44 AC

Property size (Sq ft)

4,645 SF

Property type

Motels

APN

78331001015000

APU

78331001015000

Description

This exceptional commercial property, located at 4941 Highway 280 in Harpersville, Alabama, presents a unique investment opportunity. The property encompasses a 2.44-acre lot and includes a motel and a second building constructed around 1980, previously used as a restaurant. The motel has a long history of successful operation, demonstrating its viability and consistent profitability. Its prime location on Highway 280 ensures high visibility and accessibility, making it an attractive destination for a wide range of businesses. The property's proximity to the city and nearby lakes further enhances its appeal and potential for diverse uses. This versatile property offers significant upside potential for investors seeking a proven, established business with expansion possibilities. The existing structures provide a solid foundation for continued operation or redevelopment, catering to a variety of commercial ventures. The substantial lot size allows for future expansion or the addition of complementary businesses. This is a rare opportunity to acquire a well-established commercial property in a desirable location with significant growth potential. The asking price is $950,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,115,886

  6.5%

  $1,030,048

  7%

  $956,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,778,066

  Geo Method

  $2,129,226

• Alternative Use

  Use

  Valuation

  Residential

  $1,124,513

  Hospitality

  $1,030,048

  Educational

  $856,988

  Medical

  $886,461

  Retail

  $1,333,092

Location Insight

City

Harpersville

County

Shelby

State

Alabama

Latitude

33.3405

Longitude

-86.4329

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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