7970 Crestwood BlvdIrondale, AL 35210

Property Details for 7970 Crestwood Blvd

Year built

1963

Lot size

0.17 AC

Property size (Sq ft)

3,618 SF

Zone code

C1

Property type

Healthcare properties

Property subtype

Medical offices

APN

23-00-25-2-007-002.000

APU

2300252007002000

Description

This exceptional 1.6-acre commercial property at 7970 Crestwood Boulevard in Irondale, Alabama, presents a prime redevelopment opportunity. Located on a landmark corner at the entrance to Irondale, this C-1 zoned lot boasts ±180' x ±543' dimensions and enjoys exceptional visibility from I-20 West, ensuring significant brand exposure. The property's strategic position within Irondale's core retail and commercial area benefits from high traffic counts, ranging from 20,000 to 23,000 AADT on both sides. Built in 1963, the existing structure offers a blank canvas for a new development. The site's potential is further enhanced by the possibility of sewer credits for redevelopment projects. Nearby developments, including a recently completed Amazon facility and a VA Center, underscore the area's growth and potential. The City of Irondale's recent acquisition of two buildings diagonally across the intersection for redevelopment further solidifies this location's promising future. This is an unparalleled chance to capitalize on a high-traffic, high-visibility location in a thriving community. The asking price is $838,000.

• CAP approach

  CAP return

  Valuation

  6%

  $765,223

  6.5%

  $706,360

  7%

  $655,905

• Comparable approach

  Method

  Valuation

  Relative Method

  $589,336

  Geo Method

  $705,727

• Alternative Use

  Use

  Valuation

  Residential

  $875,886

  Hospitality

  $802,307

  Educational

  $667,510

  Medical

  $690,466

  Retail

  $1,038,348

Location Insight

City

Irondale

County

Jefferson

State

Alabama

Latitude

33.532

Longitude

-86.7091

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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