2215 Danville Rd SW - Retail FOR SALE
Decatur, AL 35601 |
$2,500,000 USD
256-251-2667
2215 Danville Rd SW
Decatur, AL 35601
HIGHLIGHTS
- Value-Add Investment Potential – The asset presents notable upside through the lease-up of existing vacancy and the ability to capitalize on accelerat
- Turnkey Space Availability – All suites were updated with build-outs upon tenant occupancy, offering new tenants move-in ready spaces. This minimizes
- Significant Capital Improvements – In 2020, the ±15,952 SF Farmers Home unit underwent a $400,000 renovation, including installation of new HVAC with
- Additionally, a new roof was installed for the Farmers Home space at a cost of $57,000.
- High Visibility and Traffic Counts – Positioned along Danville Road SW, a five-lane arterial connecting to Beltline Road SW (±26,400 VPD) the property
- Strategic Proximity to Schools and Residential Base – Adjacent to a junior high school and near Austin High School, the center sees consistent daily t
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$167 USD /SF
CAP RATE
5.8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Westmeade Plaza
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.12 AC
LAND SF
179,467 SF
ZONING
-
APN/PARCEL ID
02-07-36-2-002-004.000
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256-251-2667
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256-251-2667
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