Versatile Commercial Building For
1105 S Leighton Avenue Anniston, AL 36207
For Sale
$168,000
Adaptable commercial space suitable for medical, retail, or office use.
Property Size1,843 SF
Price / SF$91.16
Days on Market293
Property Features for 1105 S Leighton Avenue
General Information
- Standard status
- Active
- Size
- 1,843 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1958
Listing Agency:
ERA King Real Estate
(256) 525-9266
Listed By:
Debra Foster · License #127480
(256) 525-9266
Source:
Exitrealty
Added: Oct 8, 2025
Changed: Jul 10
Last Checked: Jul 27 at 4:54AM
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 ERA King Real Estate
Investment Insights
Based on property information with market context.
This 1,843 square foot commercial building presents an ideal opportunity for a medical office. The property's flexible layout also allows for conversion to retail or general office use. Its location offers convenient access to shopping centers, downtown Anniston, the local hospital, and other medical facilities. This accessibility makes it a potentially attractive location for a variety of businesses seeking a central and well-connected location within Anniston, Alabama.
Key Highlights
- Ideal for medical office, with potential for retail or general office conversion.
- Convenient location near shopping, downtown, hospital, and other medical offices.
- Owner financing available.
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 | $24.3k | $13.20 |
| − Vacancy | −$5.4k | −$2.90 |
| EGI | $19.0k | $10.30 |
| − OpEx | −$4.7k | −$2.57 |
| NOI | $14.2k | $7.72 |
1,843 SF · lease $13.20/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$283.3K
$247.9K – $330.6K
NOI $19,833 @ 7.0% cap · market cap 11.81%
Second Best
Office B
$203.3K
$177.9K – $237.2K
NOI $14,232 @ 7.0% cap · market cap 8.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Adaptable commercial space suitable for medical, retail, or office use.
Where is this medical office space located?
The property is located at 1105 S Leighton Avenue Anniston, AL.
What is the asking price?
The asking price for this property is $168,000.
What are key features of this property?
This property features: Ideal for medical office, with potential for retail or general office conversion.; Convenient location near shopping, downtown, hospital, and other medical offices.; Owner financing available.
