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401 3rd St SW - Redevelopment Opportunity +/- 1.4 AC Car Wash 6,981 SF Specialty Building Offered at $1,340,000 in Cullman, AL 35055
INVESTMENT HIGHLIGHTS
- Central Business District
- Redevelopment Opportunity Prime Highway/Downtown Retail
- Opportunity Zone
EXECUTIVE SUMMARY
Prime ±1.39 acre redevelopment opportunity in booming downtown Cullman — positioned in the heart of a city undergoing vibrant transformation and growth. Situated along one of the most trafficked corridors (±20,000 VPD), this site offers the flexibility of ground-lease or sale, and lies within a designated Opportunity Zone to maximize investor incentives. With infrastructure in place and pad-ready potential, this is a rare chance to anchor your next destination in a great community.
Key Highlights:
- High visibility & traffic volume – Positioned on a corridor with approximately ±20,000 vehicles per day, making it one of the highest traffic counts in the city.
- Prime downtown redevelopment parcel – ±1.39 acres in the heart of downtown Cullman, ready for a ground lease or sale, and ideal for new construction, multi-use or flagship development.
- Pad-ready potential – Site can be brought to pad-ready status for a ground lease, providing a fast-track into development with minimal lead time.
- Opportunity Zone location – Situated within a federally-designated Opportunity Zone, offering enhanced tax-advantage benefits for qualifying investors.
- Thriving local redevelopment environment – The downtown area is experiencing active revitalization, new streetscape and infrastructure improvements, and strong municipal support for growth.
- Flexible transaction structure – Available for ground lease OR sale, giving developers and investors multiple paths to capture this value.
Key Highlights:
- High visibility & traffic volume – Positioned on a corridor with approximately ±20,000 vehicles per day, making it one of the highest traffic counts in the city.
- Prime downtown redevelopment parcel – ±1.39 acres in the heart of downtown Cullman, ready for a ground lease or sale, and ideal for new construction, multi-use or flagship development.
- Pad-ready potential – Site can be brought to pad-ready status for a ground lease, providing a fast-track into development with minimal lead time.
- Opportunity Zone location – Situated within a federally-designated Opportunity Zone, offering enhanced tax-advantage benefits for qualifying investors.
- Thriving local redevelopment environment – The downtown area is experiencing active revitalization, new streetscape and infrastructure improvements, and strong municipal support for growth.
- Flexible transaction structure – Available for ground lease OR sale, giving developers and investors multiple paths to capture this value.
PROPERTY FACTS
| Price | $1,340,000 | Building Class | B |
| Price Per SF | $191.95 | Lot Size | 1.35 AC |
| Sale Type | Investment or Owner User | Building Size | 6,981 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1990 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | CBD - Central Business District | ||
| Price | $1,340,000 |
| Price Per SF | $191.95 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.35 AC |
| Building Size | 6,981 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Opportunity Zone |
Yes |
| Zoning | CBD - Central Business District |
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 17-05-15-2-014-001.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $165,200 |
PROPERTY TAXES
Parcel Number
17-05-15-2-014-001.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$165,200
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401 3rd St SW - Redevelopment Opportunity +/- 1.4 AC Car Wash
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