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3524 Decatur Hwy 16,686 SF Vacant Retail Building Fultondale, AL 35068 $995,900 ($59.68/SF) 9.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Ample parking
- Located in a healthy submarket of Birmingham
EXECUTIVE SUMMARY
Longleaf Realty Partners is pleased to exclusively offer for sale this 16,686 Square Foot office. The site has full access with great visibility off Decatur Highway and rear access off Stouts Road. This is a great investment opportunity for an owner-occupier who needs a small office space and/or investment property.
Located in a healthy submarket of Birmingham, with a large residential development under construction adjacent to the property. This property has an upside as rents are below market, and price per square foot is 48% of replacement cost. Tenants include Chick-Fil-A Professional Development Center, Birmingham Podiatry, and others, with ample parking.
Located in a healthy submarket of Birmingham, with a large residential development under construction adjacent to the property. This property has an upside as rents are below market, and price per square foot is 48% of replacement cost. Tenants include Chick-Fil-A Professional Development Center, Birmingham Podiatry, and others, with ample parking.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,686 SF
Building Class
C
Year Built
1987
Price
$995,900
Price Per SF
$59.68
Cap Rate
9.04%
NOI
$90,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
0.29
Lot Size
1.32 AC
Zoning
B-1 - Neighborhood Business District
Parking
53 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
285’ on Decatur Hwy
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 14-00-24-3-002-001.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $257,900 |
PROPERTY TAXES
Parcel Number
14-00-24-3-002-001.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$257,900
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3524 Decatur Hwy
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