113 Glenn AveTrussville, AL 35173

Property Details for 113 Glenn Ave

Year built

1946

Lot size

0.21 AC

Property size (Sq ft)

1,505 SF

Zone code

B4

Property type

Office properties

Property subtype

Other office properties

APN

12-00-26-1-002-002.000

APU

1200261002002000

Description

This exceptional 1,419-square-foot commercial property in Trussville, Alabama, presents a prime redevelopment or owner-user opportunity. Located at 113 Glenn Ave, this single-story, vacant building sits on a 0.21-acre lot and boasts convenient access to major roadways. The property, zoned B4, underwent renovations in 2019. Its strategic location is poised to benefit significantly from upcoming infrastructure improvements, including a planned road expansion that will increase traffic flow and visibility. The property's proximity to the Trussville Entertainment District, major retailers, and dining/entertainment venues further enhances its appeal. The city's commitment to pedestrian-friendly improvements, including sidewalk installations, will create a more vibrant and accessible environment. This presents a unique chance to repurpose the existing structure or undertake a complete redevelopment, capitalizing on the area's growth and enhanced accessibility. The property is classified as Class C and offers a single tenancy. This owner/user investment opportunity is priced at $575,000.

• CAP approach

  CAP return

  Valuation

  6%

  $318,314

  6.5%

  $293,828

  7%

  $272,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $245,149

  Geo Method

  $293,565

• Alternative Use

  Use

  Valuation

  Residential

  $364,347

  Hospitality

  $333,740

  Educational

  $277,668

  Medical

  $287,217

  Retail

  $431,928

Location Insight

City

Trussville

County

Jefferson

State

Alabama

Latitude

33.6198

Longitude

-86.6107

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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