Historic Retail Storefront
280 Gunter Avenue Guntersville, AL 35976
For Sale
$549,900
COMMERCIAL - Guntersville, AL
Property Size2,812 SF
Lot Size0.34 Acres
Price / SF$195.55
Days on Market120
Property Features for 280 Gunter Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Garage
- Standard status
- Active
- APN
- 1501024000009000
- Size
- 2,812 SF
- Lot size
- 0.34 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Tile, Wood
- Roof type
- Tile
Listing Agency:
A.H. Sothebys Int. Realty
(256) 799-9333
Listed By:
David Dahne · License #156303
(772) 285-1673
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 23 at 11:06PM
MLS# 21900215
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Investment Insights
Based on property information with market context.
Located at 280 Gunter Avenue in Guntersville, AL (Marshall County), this historic Spanish House storefront building was built in 1927 and is currently zoned for Business. The property was formerly used as an antique shop and is being sold as commercial, not residential.
Roof work is in progress: the tile roof is partially complete, and there is some interior damage related to roof leaks. An estimate is available to finish the roof and bring the interior up to a business standard.
Externally, the building features exterior walls constructed of 18" thick poured concrete with Spanish style stucco. The property also includes a separate 2-car garage. The building is described as offering views of City Harbor and Guntersville Lake.
Roof work is in progress: the tile roof is partially complete, and there is some interior damage related to roof leaks. An estimate is available to finish the roof and bring the interior up to a business standard.
Externally, the building features exterior walls constructed of 18" thick poured concrete with Spanish style stucco. The property also includes a separate 2-car garage. The building is described as offering views of City Harbor and Guntersville Lake.
Key Highlights
- Building known as the Spanish House, built in 1927; currently zoned for Business (former antique shop)
- Tile roof is partially complete with interior damage due to roof leaks; estimate available to finish the roof and bring interior to business standard
- Separate 2‑car garage plus on‑street parking
Financial Insights For Retail
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 | $28.0k | $9.96 |
| − Vacancy | −$2.4k | −$0.85 |
| EGI | $25.6k | $9.11 |
| − OpEx | −$7.7k | −$2.73 |
| NOI | $17.9k | $6.38 |
2,812 SF · lease $9.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$256.3K
$224.2K – $299.0K
NOI $17,939 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.9K
$531.1K – $708.1K
NOI $42,485 @ 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
Spanish House Antiques
Home Decor Store
Similar Off Market Nearby
- Little Blue Birds Flowers — 1001 Blount Ave, Guntersville, AL 35976
FAQs
What type of property is this?
Storefront property - Built in 1927, the Spanish House has a partially completed tile roof and interior damage from roof leaks.
Where is this storefront property located?
The property is located at 280 Gunter Avenue Guntersville, AL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Building known as the Spanish House, built in 1927; currently zoned for Business (former antique shop); Tile roof is partially complete with interior damage due to roof leaks; estimate available to finish the roof and bring interior to business standard; Separate 2‑car garage plus on‑street parking
