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    Investment properties

    1230 Noble St, Anniston, AL 36201-4641

    14,277 SF 0.17 ac lot Built 1907
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US03-1383474
    Property summary
    AI-generated overview

    This 14,277 square foot, two-story Victorian-era building, located at 1230 Noble Street in Anniston, Alabama, presents a unique redevelopment opportunity. Originally constructed in 1907 as Rainwater's Furniture Store, the property retains much of its original architectural design and is listed on the Historic Registry. Situated on a 0.17-acre lot within Anniston's Historic District, this mixed-use, special purpose property offers prominent corner visibility and storefront windows. Currently vacant, the building requires extensive renovations and is being sold "AS IS." The property is zoned for Urban Core use and presents potential for significant tax credits at the federal and state levels. The asking price is $125,000, translating to $8.76 per square foot. This Class D building offers a substantial footprint for a variety of adaptive reuse projects. The property's rich history and prime location make it an attractive investment for owner-users seeking a unique redevelopment project in a vibrant historic district. The building's APN is 2103064006028.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1907
    Construction BRICK
    Total area 14,277 SF
    Lot 0.17 ac (7,405 SF)
    APN 21-03-06-4-006-028.000
    UPID US03-1383474
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Trinity Ceramics Gifts and More Department Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Edgefield Commercial Properties LLC · 3 yrs held
    Edgefield Commercial Properties LLC
    since 2022
    2 recorded transactions
    2022
    $168,959
    2008
    $125,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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