Downtown Mixed-Use
101 2nd Avenue Southeast, Decatur, AL 35601
For Sale
Contact for pricing
CB-zoned property near civic offices, downtown amenities, and multiple nearby parking options.
Property Size10,600 SF
Price / SF$94.34
Days on Market98
Property Features for 101 2nd Avenue Southeast
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Additional Details
Highway Access
Building Details
Year Built
Buildings
Stories
Listing Agency:
Parker Real Estate LLC
Listed By:
Jackson Parker · License #AL 000106208
(256) 221-1273
Source:
Crexi
Added: Aug 4
Changed: Oct 25
Last Checked: Nov 8 at 7:05AM
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 Parker Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 101 2nd Avenue Southeast contains 10,600 square feet and dates to 1915. Basement area is not included in the reported total, providing an important distinction when evaluating the building’s overall footprint. The property carries CB zoning and is positioned in downtown Decatur.
Dining, shopping, and entertainment venues are located nearby, with multiple parking lots and a new parking garage close to the building. Courthouse and City Hall are within walking distance. Regional access is available via a short drive to I-565/I-65, Highway 20, and Highway 24.
Dining, shopping, and entertainment venues are located nearby, with multiple parking lots and a new parking garage close to the building. Courthouse and City Hall are within walking distance. Regional access is available via a short drive to I-565/I-65, Highway 20, and Highway 24.
Key Highlights
- 10,600 square feet of mixed‑use property
- Basement square footage is excluded from the reported total
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,660
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,753,200
$1.8M
Cap Rate 7%
$1,252,286
$1.3M
Cap Rate 9%
$974,000
$974.0K
Market Conditions
NOI Build-Up for 10,600 SF
Gross rent
$139.9K $13.20/SF
− Vacancy
−$14.7K −$1.39/SF
EGI
$125.2K $11.81/SF
− OpEx
−$37.6K −$3.54/SF
NOI
$87.7K $8.27/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,753,200
Cap Rate 7%
$1,252,286
Cap Rate 9%
$974,000
Alternative Uses
Best Use
Retail
$1.25M
$1.10M – $1.46M
NOI $87,660 @ 7.0% cap · market cap 8.77%
Second Best
Mixed Use
$1.05M
$918.2K – $1.22M
NOI $73,458 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,370 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 28%
Hotels & Casinos 2%
Jack's Family Restaurants
Dining
14,904 visits/mo
0.4 miles
Mellow Mushroom
Dining
9,527 visits/mo
0.1 miles
Exxon
Shops & Services
7,093 visits/mo
0.4 miles
Hacienda Mexican Restaurant
Dining
6,009 visits/mo
0.4 miles
Waffle House
Dining
5,872 visits/mo
0.5 miles
Demographics for 35601, AL
34,958
Population
15,168
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
26.5 sq mi
ZIP Area
1,319
Density / Sq Mi
$50,216
Median Household Income
$33,438
Median Earnings
$860
Median Rent
$148,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CB-zoned property near civic offices, downtown amenities, and multiple nearby parking options.
Where is this mixed-use property located?
The property is located at 101 2nd Avenue Southeast Decatur, AL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 10,600 square feet of mixed‑use property; Basement square footage is excluded from the reported total; Built in 1915
