5800 Oporto Madrid BlvdIrondale, AL 35210

Property Details for 5800 Oporto Madrid Blvd

Year built

1975

Lot size

1.30 AC

Property size (Sq ft)

4,977 SF

Zone code

CB2

Property type

Retail properties

Property subtype

Other retail properties

APN

23-00-23-3-002-004.000

APU

2300233002004000

Description

This exceptional 4,977-square-foot freestanding building, situated on a 1.3-acre lot in Irondale, Alabama, presents a compelling investment opportunity. Built in 1975, this Class C property boasts a single story and offers ample parking. Currently vacant, the building is ideally suited for owner-users seeking a versatile space. Its adaptable layout, encompassing bar, flex, and storefront subtypes, allows for diverse uses. The property benefits from a high-traffic location, just off I-20 exit 132A/B, with approximately 50,000 vehicles passing daily on I-20 and approximately 15,500 vehicles daily on Oporto Madrid Boulevard. The site features a large paved parking area, a fenced yard, and excellent visibility due to its placement on a full-movement signal. This prime location offers significant advantages for businesses seeking high visibility and accessibility. The property is priced below appraisal, ensuring a swift sale. The existing structure is ready for reuse or redevelopment, making it an attractive option for entrepreneurs and investors alike. Located adjacent to Lawson Field, this property offers a unique blend of convenience and potential. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,547,406

  6.5%

  $1,428,375

  7%

  $1,326,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,042,973

  Geo Method

  $2,446,450

• Alternative Use

  Use

  Valuation

  Residential

  $1,204,888

  Hospitality

  $1,103,671

  Educational

  $918,241

  Medical

  $949,821

  Retail

  $1,428,375

Location Insight

City

Irondale

County

Jefferson

State

Alabama

Latitude

33.5378

Longitude

-86.7203

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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