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. i ---- <br /> i <br /> COMPARABLE LAND SALE #3 <br /> Address: 200 South Martin Luther King Jr. Drive <br /> Sale Date: August 1988 Price: $13, 100 <br /> Brief Legal: Lts 18-23 A.G. Webber' s Subdivision, Lots 2-5 <br /> J.N Bill ' s 2nd plus ad�acent 20' wide strip. <br /> Grantor: City of Decatur Grantee: Clarkson <br /> Grain <br /> Book: 2295 Page: 560 <br /> Zoning: M-1, Light Industrial <br /> I � <br /> � Dimensions: Triangular 390' frontage, 210' deep, total of <br /> � 43, 563 SF <br /> Price Per SF: $.30 i <br /> Comments: Site previously used by city for storage of salt � <br /> and cinders. Pu�chased by ad�oining owner. <br /> I <br /> , <br /> , <br /> � <br /> SUMMARY OF COMPARABLE LAND SALES <br /> Interior <br /> / <br /> � Sale Date Zoning Corner SF Cost Per SF <br /> � � <br />� i <br /> � I <br /> Subject 5/90 B-2 Corner 26, 211 ----- j <br /> 1 3 90 B- <br /> � / 1 Interior 17, 496 $.46 �; <br /> , 2 9/89 B-1 Corner <br /> 24, 480 . 50 i <br /> i <br /> i 3 8/88 M-1 Interior 43, 563 .30 <br /> i <br /> � <br /> I <br /> These sales range in cost from 30� to 50� per SF. Generally I <br /> as the size of the tract increases, the unit cost decreases. i <br /> ' However, smaller tracts may be more difficult to develop. ; <br /> i <br /> jSale #1 is a slightly smaller site but an interior lot . � <br /> Unit cost would be adjusted up slightly. ' <br /> I� ' <br /> ' Sale #2 is a corner site and very similar in size to the � <br /> � subject. Overall unit cost would be similar. � <br /> I <br /> � ; <br /> ',; Sa1e #3 is located several blocks north of the subject, ' <br /> '� considerably larger and irregular shape. Unit cost would be � <br /> adjusted up. ; <br /> i' � <br /> �' After adjustments , a unit cost of 50� per SF would be in �! <br /> �' line. Applying this: '' <br /> I <br /> � <br /> � 26, 211 SF @ 50 or � <br /> jI� � �� <br /> Indicated Land Value ( rounded) . . . . . . . 513, 000. � <br /> ;; <br /> i I. <br /> , ;: <br /> � <br /> � 15 <br /> � i <br /> I -- -- ----- ----- � <br /> �nruc'._�^c _ �����^ Arnq+��.c�c <br />