Freestanding Retail Building
1002 4th Avenue SE Decatur, AL 35601
New
For Sale
$295,000
Freestanding retail building on a high-traffic corner lot, renovated and zoned RD, with one fully occupied unit.
Property Size2,774 SF
Price / SF$106.34
Days on Market3
Property Features for 1002 4th Avenue SE
General Information
- Standard status
- Active
- Size
- 2,774 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1900
Listing Agency:
(256) 227-1524
Listed By:
Paula Prestwood · License #AL #000043492-0
(256) 227-1524
Source:
Gatewaycommercial
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 25 at 3:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paula Prestwood
Investment Insights
Based on property information with market context.
This freestanding retail building offers a single, fully occupied unit within a 2,774 SF structure. Originally constructed in 1900, the property has been newly renovated, combining historic character with updated functionality. The building is presented as a turnkey investment with occupancy already in place.
Located on a high-traffic corner lot at 1002 4th Avenue SE in Decatur, AL, the site is positioned for strong day-to-day visibility. The property is zoned RD, providing flexibility for various business ventures consistent with the zoning designation.
With one tenant occupying the space, the configuration is straightforward for an owner seeking an immediately occupied retail asset.
Located on a high-traffic corner lot at 1002 4th Avenue SE in Decatur, AL, the site is positioned for strong day-to-day visibility. The property is zoned RD, providing flexibility for various business ventures consistent with the zoning designation.
With one tenant occupying the space, the configuration is straightforward for an owner seeking an immediately occupied retail asset.
Key Highlights
- Freestanding retail building in Decatur, AL on a high‑traffic corner lot
- 2,774 SF building, originally built in 1900
- Single fully occupied unit
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 | $36.6k | $13.20 |
| − Vacancy | −$3.8k | −$1.39 |
| EGI | $32.8k | $11.81 |
| − OpEx | −$9.8k | −$3.54 |
| NOI | $22.9k | $8.27 |
2,774 SF · lease $13.20/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$327.7K
$286.8K – $382.3K
NOI $22,940 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.1K
$505.0K – $673.3K
NOI $40,398 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jr. Allen Printing
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Storefront property - Freestanding retail building on a high-traffic corner lot, renovated and zoned RD, with one fully occupied unit.
Where is this storefront property located?
The property is located at 1002 4th Avenue SE Decatur, AL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Freestanding retail building in Decatur, AL on a high‑traffic corner lot; 2,774 SF building, originally built in 1900; Single fully occupied unit
