Mixed-Use Property with Office
1340 The Townes, Tuscaloosa, AL 35406
For Sale
$1,599,000
CommercialSale, Tuscaloosa, AL
Property Size4,200 SF
Lot Size1.08 Acres
Price / SF$380.71
Days on Market226
Property Features for 1340 The Townes
General Information
Property type
Property subtype
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
spacious concrete deck
covered rear parking
Building Details
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Richard Harwood · License AL #118535018
(205) 799-2210
Added: Apr 1
Changed: Nov 12
Last Checked: Nov 12 at 8:06AM
MLS# 176928
Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 1340 The Townes in Tuscaloosa, this 4,200-square-foot mixed-use property occupies 1.08 acres. The building is arranged with retail or commercial space on the ground floor and a separate office area above, creating a practical combination of public-facing and professional workspace.
Brick construction, hardwood and wood flooring, central heating, and central air define the building’s core improvements. A concrete deck adds usable exterior space, while covered parking is positioned at the rear. The property is situated at the entrance to The Townes and carries a Tuscaloosa, Alabama address.
Brick construction, hardwood and wood flooring, central heating, and central air define the building’s core improvements. A concrete deck adds usable exterior space, while covered parking is positioned at the rear. The property is situated at the entrance to The Townes and carries a Tuscaloosa, Alabama address.
Key Highlights
- 4,200‑square‑foot mixed‑use building on 1.08 acres
- Ground‑floor retail or commercial area with upstairs office space
- Concrete deck provides additional exterior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,888
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,760
$997.8K
Cap Rate 7%
$712,686
$712.7K
Cap Rate 9%
$554,311
$554.3K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$88.2K $21.00/SF
− Vacancy
−$8.4K −$2.00/SF
EGI
$79.8K $19.01/SF
− OpEx
−$29.9K −$7.13/SF
NOI
$49.9K $11.88/SF
Area
Tuscaloosa, AL
Vacancy
9.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,760
Cap Rate 7%
$712,686
Cap Rate 9%
$554,311
Alternative Uses
Best Use
Mixed Use
$712.7K
$623.6K – $831.5K
NOI $49,888 @ 7.0% cap · market cap 3.12%
Second Best
Office B
$695.0K
$608.1K – $810.8K
NOI $48,649 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.01M
$883.1K – $1.18M
NOI $70,651 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
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Business Placement
Demographics for 35406, AL
16,664
Population
8,291
Households
2
Avg Household Size
40
Median Age
68%
College-Educated
97%
High-School Grad
80.9 sq mi
ZIP Area
206
Density / Sq Mi
$118,736
Median Household Income
$68,810
Median Earnings
$1,352
Median Rent
$467,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines ground-floor commercial space with an upper-level office area.
Where is this mixed-use property located?
The property is located at 1340 The Townes Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 4,200‑square‑foot mixed‑use building on 1.08 acres; Ground‑floor retail or commercial area with upstairs office space; Concrete deck provides additional exterior space
