Multi-Use Corner Commercial
1401 6th Avenue Decatur, AL 35601
1401 6th Avenue, Decatur, AL, 35601
$750,000
For Sale
$750,000
COMMERCIAL - Decatur, AL
Property Size3,980 SF
Price / SF$188.44
Days on Market13
Property Features for 1401 6th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Alley, Parking Lot, Driveway
- Exterior features
- Curb/Gutters, Lighting, Sidewalks
- Standard status
- Active
- Size
- 3,980 SF
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Concrete, Vinyl, Tile, Carpet
- Roof type
- Metal
Listing agency
Parker Jones Real Estate
(256) 353-1112
Listed by
Peggy Carden · License #111527
(256) 318-2771
Added: Jul 10 Updated: Jul 22 at 1:05AM Checked: Jul 22 at 12:06PM
MLS# 21923236
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Investment Insights
Based on property information with market context.
This multi-purpose commercial building can be divided to accommodate multiple tenants. The current layout includes two retail spaces, four offices, a breakroom, two restrooms, and warehouse space. There is also additional 2,000 square feet of storage upstairs, with an overhead door to the rear storage area. The building has two HVAC units and offers a remodel option.
The property sits on a corner lot at 6th Avenue and 10th Street SE in a busy, high-traffic area. Handicap-accessible parking is available.
For space planning, the building combines front retail and office components with rear and upstairs storage, supported by dedicated HVAC units and an overhead door for warehouse-related access.
The property sits on a corner lot at 6th Avenue and 10th Street SE in a busy, high-traffic area. Handicap-accessible parking is available.
For space planning, the building combines front retail and office components with rear and upstairs storage, supported by dedicated HVAC units and an overhead door for warehouse-related access.
Key Highlights
- Corner lot on 6th Avenue and 10th Street SE in a busy, high‑traffic area
- Flexible layout: 2 retail spaces, 4 offices, breakroom, 2 restrooms, and warehouse space
- Additional 2,000 SF of storage upstairs
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.3k | $17.40 |
| − Vacancy | −$15.2k | −$3.83 |
| EGI | $54.0k | $13.57 |
| − OpEx | −$13.5k | −$3.39 |
| NOI | $40.5k | $10.18 |
3,980 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$578.7K
$506.4K – $675.2K
NOI $40,512 @ 7.0% cap · market cap 5.40%
Second Best
Retail
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$828.0K
$724.5K – $966.0K
NOI $57,962 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
McAbee Medical Inc.
Scooter Rental Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Multi-purpose corner building with retail, offices, warehouse space, and additional upstairs storage.
Where is this flex space located?
The property is located at 1401 6th Avenue Decatur, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Corner lot on 6th Avenue and 10th Street SE in a busy, high‑traffic area; Flexible layout: 2 retail spaces, 4 offices, breakroom, 2 restrooms, and warehouse space; Additional 2,000 SF of storage upstairs
