215 NW 3rd Avenue NW, Arab, AL 35016
- Added:
- Jun 25, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 26 at 5:06 pm
Property Features for 215 NW 3rd Avenue NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Oversize, Driveway
- Exterior features
- Curb/Gutters, Sidewalks
- Standard status
- Active
- Size
- 636 SF
- Lot size
- 0.25 Acres
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Vinyl, Carpet
- Roof type
- Metal
Listing agent Patricia Swindle License #113352 (256) 744-6225
Listing office 1st Real Estate, LLC 1625 Gunter Ave., Guntersville, AL (256) 486-3775
Listing date Jun 25, 2026
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Full brick building with metal roof, 636 SF, on a slab
- Operating history: recording studio for the past 10 years; seller is open to considering a different layout
- Zoned for both commercial and residential use
- Plenty of parking with oversize driveway and parking features; includes curb gutters and sidewalks
- Utilities: public water and public sewer; central air cooling
- Interior includes vinyl and carpet flooring plus a half bath
Overview
Located in downtown Arab, Alabama, the property sits off Main Street at 215 3rd Avenue NW. The listing notes plenty of parking, supporting everyday access for customers, clients, or crews.
For buyers seeking a compact creative or professional workspace, the existing studio history and functional base plan may fit music, audio production, or other back-of-house uses that benefit from a small dedicated footprint. The property’s zoning for both commercial and residential use adds flexibility for buyers planning either an operating business or a mixed-use approach, subject to compliance with applicable regulations.
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 | $11.4k | $18.00 |
| − Vacancy | −$1.9k | −$2.97 |
| EGI | $9.6k | $15.03 |
| − OpEx | −$2.4k | −$3.76 |
| NOI | $7.2k | $11.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Arab
- County
- Marshall
- State
- Alabama
- Longitude
- -86.497858
- Latitude
- 34.319829
