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    31 NW 8Th St Arab, AL 35016

    For Sale
    $1,400,000

    Mixed-use property with apartments and office/storefront spaces in Arab, Alabama.

    Property size:
    17,561 SF

    Property Features for 31 NW 8Th St

    General Information

    Size
    17,561 SF

    Building Details

    Year built
    1930

    Source: Andrew Agee Agent Andrew Agee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Asset in Downtown Arab

    Main Street Plaza and Lofts presents an opportunity to acquire a mixed-use asset situated in the bustling downtown area of Arab, Alabama, approximately one hour south of Huntsville. The property includes 12 apartment units, consisting of 9 one-bedroom/one-bathroom units, and one unit each with 2, 3, and 4 bedrooms. Additionally, there are 13 office/storefront spaces, each measuring 795 square feet, located on a walkable downtown street. The property is located in the central business district of downtown Arab and has a total size of 17561 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cedar Crest Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arab
    County
    Marshall
    State
    Alabama
    Longitude
    -86.5090265
    Latitude
    34.3153628

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartments and office/storefront spaces in Arab, Alabama.
    Where is this mixed-use property located?
    The property is located at 31 NW 8Th St Arab, AL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Mixed-use asset offering both residential and commercial income streams. Features 12 apartment units and 13 office/storefront spots.; - Located in the heart of downtown Arab, Alabama's central business district. Enjoy a walkable downtown street location.; - Benefit from proximity to the fast-growing market of Huntsville, Alabama.
    (256) 653-0065
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    Arab, AL 35016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31 NW 8Th St Arab, AL 35016
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