8433 1St AveLeeds, AL 35094

Property Details for 8433 1St Ave

Year built

1971

Lot size

0.79 AC

Property size (Sq ft)

8,310 SF

Zone code

B2

Property type

Banks

APN

25-00-21-1-036-003.000

APU

2500211036003000

Description

This exceptional commercial property, located at 8433 1st Ave SE in Leeds, Alabama (zip code 35094), presents a unique investment opportunity. The 7,050 square foot building, formerly a bank, sits on a 0.79-acre lot and boasts a prominent location in downtown Leeds. Built in 1971 with various renovations throughout its history, the single-story structure is zoned B-2, offering considerable flexibility for redevelopment or repurposing. The property includes four curb cuts, 38 parking spaces, and four drive-thru lanes, making it ideal for a variety of commercial uses. An additional 1,446 square feet of upstairs storage is available, though not included in the 7,050 square foot total. The asking price is $799,000, translating to $113.33 per square foot. The property is currently vacant, providing immediate occupancy for the new owner. Its strategic location, just 2.1 miles from I-20, offers excellent accessibility. Furthermore, the average household income within a five-mile radius is $86,138, indicating a strong potential customer base. The Jefferson County property features APN 25-00-21-1-036-003.000. This is a rare opportunity to acquire a substantial commercial property in a thriving Alabama community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,583,674

  6.5%

  $2,384,930

  7%

  $2,214,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,411,112

  Geo Method

  $4,084,790

• Alternative Use

  Use

  Valuation

  Residential

  $2,011,777

  Hospitality

  $1,842,777

  Educational

  $1,533,169

  Medical

  $1,585,897

  Retail

  $2,384,930

Location Insight

City

Leeds

County

Jefferson

State

Alabama

Latitude

33.5422

Longitude

-86.5422

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].