Tuscaloosa Commercial Land
914 24TH E Avenue, Tuscaloosa, AL 35404
Commercial land in prime location, suitable for business or redevelopment.
Type:Commercial/Industrial
Property size:
901 SFPrice / SF:
$221/SF- Added:
- Apr 23, 2025
- Days on Market:
- 406
- Last Refresh:
- Apr 8 at 12:27 am
Property Features for 914 24TH E Avenue
General Information
- Standard status
- Active
- Size
- 901 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1950
Listing agent Kinya Winn (205) 393-9524
Listing office HAMNER REAL ESTATE (205) 393-9524
Listing date Apr 23, 2025
Source Exitrealty
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 HAMNER REAL ESTATE
HighLights
- Rezoned to General Commercial (GC), offering expanded potential.
- Prime location, just minutes from everything.
- Large lot size provides flexibility.
- Existing 2‑bedroom, 1‑bath structure can be used as an office.
- Opportunity to redevelop under the new zoning.
- Located in a fast‑growing area.
Overview
Located at 914 24th Avenue East in Tuscaloosa, this property presents an opportunity for business, investment, or redevelopment. The property has been rezoned to General Commercial (GC), allowing for expanded potential. The existing structure is a 2-bedroom, 1 full bath home situated on a large lot. The 901 square foot structure could be used as an office or transitional commercial space, or the site could be redeveloped under the new zoning. This property is located in a fast-growing area and is minutes from everything.
Local 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 | $17.8k | $19.80 |
| − Vacancy | −$3.9k | −$4.36 |
| EGI | $13.9k | $15.44 |
| − OpEx | −$3.5k | −$3.86 |
| NOI | $10.4k | $11.58 |
901 SF · lease $19.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$149.1K
$130.5K – $173.9K
NOI $10,436 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.5K
$189.5K – $252.6K
NOI $15,156 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Tuscaloosa
- County
- Tuscaloosa
- State
- Alabama
- Longitude
- -87.5069517
- Latitude
- 33.205638
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Commercial land in prime location, suitable for business or redevelopment.
Where is this commercial land located?
The property is located at 914 24TH E Avenue Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Rezoned to General Commercial (GC), offering expanded potential.; Prime location, just minutes from everything.; Large lot size provides flexibility.
