Prime Commercial Property in
1013 8th N Avenue Bessemer, AL 35020
1013 8th N Avenue, Bessemer, AL, 35020
$1,800,000
For Sale
$1,800,000
11.94 acres with multiple buildings, ideal for retail.
Property Size6,400 SF
Lot Size11.94 Acres
Price / SF$281.25
Days on Market255
Property Features for 1013 8th N Avenue
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 11.94 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1981
Listing Agency
Weaver Land & Realty
(205) 601-6053
Listed by
Bryan Allred · License #104647
(205) 601-6053
Source
Exitrealty
Added: Nov 4, 2025 Checked: Jul 16 at 6:59 am
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 Weaver Land & Realty
Investment Insights
Based on property information with market context.
This commercial property, formerly the Bessemer Super Flea Market, encompasses 11.94 acres across two parcels. Zoned SC1 and C4, the property features five Ruffin commercial buildings and five Ruffin commercial sheds suitable for various retail or commercial business ventures. Additionally, there are three garage buildings. The property is equipped with power, water, and gas. The spacious commercial buildings are heated with 100Kbtu heaters, and two of the buildings include concession stands. Ample restroom facilities are available, including a main restroom with showers in both the women's and men's sections. The property also offers extensive parking. There are four billboards on the premises, along with several 10-wide storage buildings with roll-up doors. The property is located in an Opportunity Zone and may qualify for State Incentives.
Key Highlights
- 11.94 acres of prime commercial property in SC1 and C4 zones
- Located in an Opportunity Zone with state incentives
- 5 Ruffin commercial buildings and 5 Ruffin commercial sheds for retail/business income
Local 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 | $132.9k | $20.76 |
| − Vacancy | −$5.2k | −$0.81 |
| EGI | $127.7k | $19.95 |
| − OpEx | −$38.3k | −$5.99 |
| NOI | $89.4k | $13.97 |
6,400 SF · lease $20.76/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,378 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,121 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Bessemer Plaza Shopping Center — Bessemer Plaza Shopping Center, 733 9th Ave N, Bessemer, AL 35020
FAQs
What type of property is this?
Shopping center - 11.94 acres with multiple buildings, ideal for retail.
Where is this shopping center located?
The property is located at 1013 8th N Avenue Bessemer, AL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 11.94 acres of prime commercial property in SC1 and C4 zones; Located in an Opportunity Zone with state incentives; 5 Ruffin commercial buildings and 5 Ruffin commercial sheds for retail/business income
