2815 Greystone Commercial BlvdHoover, AL 35242

  • Retail properties
  • 8,221 SF
For Lease

Property Details for 2815 Greystone Commercial Blvd

Year built
1996
Lot size
0.53 AC
Property size (Sq ft)
8,221 SF
Property type
Retail properties
Property subtype
Retail space
APN
93050003086000
APU
93050003086000

Description

This exceptional Class A retail space, totaling 3,400 square feet, is ideally situated at 2815 Greystone Commercial Blvd in Hoover, Alabama, 35242. Located directly on US Highway 280, this property boasts unparalleled visibility and accessibility, benefiting from a daily traffic count of 58,520 vehicles. The single-story building underwent a complete renovation in 2021, resulting in a modern and attractive space. The entire 3,400 square feet is currently vacant and available for lease. While previously used as a real estate office, this versatile space is suitable for a variety of retail uses. Benefit from prominent signage opportunities, including large signage visible from Highway 280 and monument signage, ensuring maximum brand exposure. This location is managed locally and enjoys proximity to some of Birmingham's most affluent and rapidly growing neighborhoods. The property is part of a larger 28,000 square foot building, offering a strong presence in a high-traffic area. This is a rare opportunity to secure a prime retail space in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,556,003
    6.5%
    $2,359,387
    7%
    $2,190,860
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,374,579
    Geo Method
    $4,041,042
  • Alternative Use

    Use
    Valuation
    Residential
    $1,990,231
    Hospitality
    $1,823,041
    Educational
    $1,516,749
    Medical
    $1,568,912
    Retail
    $2,359,387
2815 Greystone Commercial Blvd, Hoover, Alabama

Location Insight

City
Hoover
County
Shelby
State
Alabama
Latitude
33.4137
Longitude
-86.6664
CBSA code
13820
CBSA name
BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,513
-
-
$246,900
-
$357,540
$876,910
$1,234,450

FAQs

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