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401 3rd St SW - Redevelopment Opportunity +/- 1.4 AC Car Wash

6,981 SF Specialty Building Offered at $1,899,410 CAD at a 5.20% Cap Rate in Cullman, AL 35055

Car Washes Alabama Cullman 401 3rd St SW, Cullman, AL 35055

Investment Highlights

  • Central Business District
  • Redevelopment Opportunity or Operate As-Is
  • Opportunity Zone

Executive Summary

Prime redevelopment opportunity in booming Downtown Cullman, AL. This property also lies within the opportunity zone for maximum investment opportunity. Coin operated & tunnel washes currently operating with staff to remain. Newly updated credit/debit card payment machines.

Financial Summary (Actual - 2022)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,081 $14.19

Financial Summary (Actual - 2022)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,081
Annual Per SF $14.19

Property Facts

Price $1,899,410 CAD Building Class B
Price Per SF $272 CAD Lot Size 1.35 AC
Sale Type Investment or Owner User Building Size 6,981 SF
Cap Rate 5.20% No. Stories 1
Sale Conditions Redevelopment Project Year Built 1990
Property Type Specialty Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype
Car Wash
  • Specialty Carwash
Price $1,899,410 CAD
Price Per SF $272 CAD
Sale Type Investment or Owner User
Cap Rate 5.20%
Sale Conditions Redevelopment Project
Property Type Specialty
Property Subtype
Car Wash
  • Specialty Carwash
Building Class B
Lot Size 1.35 AC
Building Size 6,981 SF
No. Stories 1
Year Built 1990
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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401 3rd St SW, Cullman, AL - aerial map view
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 17-05-15-2-014-001.000 Improvements Assessment $0 CAD (2023)
Land Assessment $0 CAD (2023) Total Assessment $228,962 CAD (2023)

PROPERTY TAXES

Parcel Number
17-05-15-2-014-001.000
Land Assessment
$0 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$228,962 CAD (2023)

zoning

Zoning Code CBD (Central Business District)
CBD (Central Business District)
(256) 533-0990

Contact

  • Listing ID: 27841648

  • Date on Market: 2023-02-27

  • Last Updated:

  • Address: 401 3rd St SW, Cullman, AL 35055

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401 3rd St SW, Cullman, AL for sale Building Photo- Image 1 of 10
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401 3rd St SW, Cullman, AL for sale Building Photo- Image 4 of 10
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401 3rd St SW, Cullman, AL for sale Aerial- Image 6 of 10
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401 3rd St SW, Cullman, AL for sale Site Plan- Image 7 of 10
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401 3rd St SW, Cullman, AL for sale Site Plan- Image 8 of 10
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401 3rd St SW, Cullman, AL for sale Site Plan- Image 9 of 10
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401 3rd St SW - Redevelopment Opportunity +/- 1.4 AC Car Wash
(256) 533-0990 x

401 3rd St SW - Redevelopment Opportunity +/- 1.4 AC Car Wash

Keith Hill

(256) 533-0990

(256) 533-0990

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