2730 18Th StHomewood, AL 35209

Property Details for 2730 18Th St

Year built

1950

Lot size

0.17 AC

Property size (Sq ft)

2,775 SF

Zone code

C4

Property type

Investment properties

Property subtype

Live-work space

APN

28-00-07-3-013-009.000

APU

2800073013009000

Description

This exceptional retail property, situated at 2730 18TH STREET S in the heart of Homewood, Alabama, presents a unique investment opportunity. Spanning 0.17 acres, this building boasts a highly desirable downtown location, offering unparalleled visibility and accessibility. Its prominent street presence ensures maximum exposure to the bustling Homewood community. The property's strategic position places it within easy walking distance of residential neighborhoods, schools, restaurants, and other retail establishments, guaranteeing a consistent flow of potential customers. For decades, a successful pet store thrived in this building, demonstrating the location's inherent viability and strong potential for continued success. The property is ideally suited for a variety of retail businesses seeking to establish a presence in this vibrant and growing area. This is a chance to become part of the iconic downtown Homewood scene and capitalize on the area's thriving atmosphere and strong community ties. The building's size and layout offer considerable flexibility for adaptation to suit the specific needs of a new owner. This is a rare opportunity to acquire a premium retail space in one of Alabama's most sought-after locations. The asking price is $2,200,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $586,925

  6.5%

  $541,777

  7%

  $503,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $452,020

  Geo Method

  $541,292

• Alternative Use

  Use

  Valuation

  Residential

  $671,803

  Hospitality

  $615,368

  Educational

  $511,979

  Medical

  $529,587

  Retail

  $796,412

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.4817

Longitude

-86.792

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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