Versatile Shop on 3
For Sale
$275,000
1590 McCluney Street, Gadsden, AL 35903
COMMERCIAL - Gadsden, AL
Property Size2,600 SF
Lot Size3.10 Acres
Price / SF$105.77
Days on Market114
Property Features for 1590 McCluney Street
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Subdivision
Metes And Bounds
Lot features
Level
Elementary school
Glencoe Elementary
Middle school
Glencoe
High school
Glencoe
Directions
278, L On Goodyear Ave, R On Phillips Street, L On Mccluney
Standard status
Active
APN
1403070001069001
Size
2,600 SF
Lot size
3.10 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Katie McKenzie · License #105125
(256) 613-6516
Added: Apr 9
Changed: Jul 28
Last Checked: Jul 31 at 12:06AM
MLS# 21914673
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Investment Insights
Based on property information with market context.
This 65x40 shop is located on over 3 acres in the Tillison Bend area. The property features a circle driveway and a parking pad with septic and power hookups. The shop includes a 5-bay garage with five 10x10 doors and one 14x14 door. It is pre-plumbed for a 2-bedroom, 1-bath living space and includes spray foam insulation and electricity. This property is suited for conversion into a barndominium or live/work space.
Key Highlights
- Versatile 65x40 shop on over 3 acres in Tillison Bend.
- Equipped with a 5‑bay garage including (5) 10x10 doors and (1) 14x14 door.
- Pre‑plumbed for a 2‑bedroom, 1‑bath living space, ideal for barndominium conversion.
Financial Insights For Flex RnD
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 | $35.9k | $13.80 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $32.9k | $12.67 |
| − OpEx | −$11.5k | −$4.43 |
| NOI | $21.4k | $8.23 |
2,600 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 7.79%
Second Best
Warehouse
$204.4K
$178.8K – $238.4K
NOI $14,305 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$425.1K
$372.0K – $496.0K
NOI $29,758 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35903, AL
17,344
Population
8,338
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
87%
High-School Grad
68.2 sq mi
ZIP Area
254
Density / Sq Mi
$50,063
Median Household Income
$35,361
Median Earnings
$823
Median Rent
$170,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 65x40 shop on 3 acres, ready for your vision.
Where is this flex space located?
The property is located at 1590 McCluney Street Gadsden, AL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Versatile 65x40 shop on over 3 acres in Tillison Bend.; Equipped with a 5‑bay garage including (5) 10x10 doors and (1) 14x14 door.; Pre‑plumbed for a 2‑bedroom, 1‑bath living space, ideal for barndominium conversion.
