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Classic Auction - Retail

Retail Hard Corner - 40K VPD

1345 Gunter Ave, Guntersville, AL 35976

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 0.32 Acres
  • Year Built
  • 1982
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Occupancy
  • 0%
  • Occupancy as of
  • Jun 26, 2020
  • Retail Type
  • Freestanding Retail
  • Anchor
  • No
  • Property Size
  • 3,600 Sq Ft

Retail Hard Corner - 40K VPD

Investment Highlights

  • ±3,600 SF freestanding building in prime trade corridor
  • Signalized hard corner combined ±40,000 VPD on Gunter Avenue and Henry Street
  • Zoned BG-1B – General Business District allows for a variety of uses
  • Two blocks from Lake Guntersville, the largest lake in Alabama with year-round draw
     

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a vacant, freestanding retail building located at 1345 Gunter Avenue (the “Property”) in Guntersville, Alabama. This Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount.

The Property is comprised of one, free-standing, single-story building totaling ±3,600 SF and positioned on ±0.32 AC corner parcel. Recent improvements to the building include a new HVAC system, electrical upgrades, parking lot seal and stripe, and interior maintenance. The Property is located on a peninsula surrounded by Lake Guntersville, the largest lake in Alabama. The Property is in the peninsula’s main retail corridor and benefits from proximity to national retailers like CVS, Walgreens, NAPA Auto Parts, BB&T Bank, BancorpSouth Bank, Ace Hardware, Domino’s Pizza, and KFC. The prime location offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning.

Guntersville is a city and county seat of Marshall County, Alabama and located at the southernmost point of the Tennessee River on Lake Guntersville. Guntersville’s economy is balanced between recreation, water sports, manufacturing, retail trade and professional services and is the county seat for Marshall County. The city is also a center for distribution, agriculture, highly acclaimed retirement living and, of course, recreation and tourism. Among Lake Guntersville State Park many recreational offerings are an 18-hole championship golf course, the Screaming Eagle Zipline, a beach complex, an outdoor nature center, excellent fishing in Alabama’s largest lake, and 36 miles of hiking and biking trails.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • John Mickey Fowler

    c/o Fisher Auction Company Inc.

    License: ALSL466