7480 Parkway DrLeeds, AL 35094

Property Details for 7480 Parkway Dr

Year built

1971

Lot size

6.44 AC

Property size (Sq ft)

52,471 SF

Zone code

B2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

25-00-20-1-007-006.000

APU

2500201007006000

Description

Leeds Commons Shopping Center offers 3,000 square feet of immediately available retail space within a larger 66,000 square foot strip center. This prime location boasts exceptional visibility and convenient access, situated just off Interstate 20. The high-traffic area ensures significant exposure to a large customer base. The property is strategically positioned within minutes of major retail anchors including Bass Pro Shops, Walmart, the Outlet Shops of Grand River, and the renowned Barber Motorsports Park and Museum. This ensures a consistent flow of potential customers. Current tenants include a diverse mix of businesses, such as Farmers Home Furniture, Workout Anytime, Rapha Ministries, Rusty's BBQ, and Chinawok, creating a vibrant and established shopping environment. The available space is ideal for a variety of retail uses, and its adjacency to Workout Anytime provides an added benefit of shared customer traffic. The 3,000 square foot space offers ample room for a business to thrive in this bustling commercial area. The property's location and existing tenant mix present a compelling opportunity for businesses seeking high visibility and a strong customer base. Consider this space for your next retail venture.

• CAP approach

  CAP return

  Valuation

  6%

  $16,313,833

  6.5%

  $15,058,922

  7%

  $13,983,285

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,538,440

  Geo Method

  $25,792,184

• Alternative Use

  Use

  Valuation

  Residential

  $12,702,764

  Hospitality

  $11,635,664

  Educational

  $9,680,736

  Medical

  $10,013,671

  Retail

  $15,058,922

Location Insight

City

Leeds

County

Jefferson

State

Alabama

Latitude

33.5445

Longitude

-86.5575

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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