Multi-Suite Flex
For Sale
$750,000
1401 6th Avenue, Decatur, AL 35601
Business Opportunity, Decatur, AL
Property Size3,980 SF
Lot Size0.26 Acres
Price / SF$188.44
Days on Market94
Property Features for 1401 6th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Parking features
Alley, Driveway, Parking Lot
Exterior features
Curb/Gutters, Lighting, Sidewalks
Lot features
Corner Lot, High Visibility
Directions
From Hudson Memorial Bridge, Stay On 6th Avenue/Highway 31. Building Is On The Right On The Corner Of 6th Avenue And 10th Street.
Standard status
Active
Size
3,980 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
2
Flooring type
Concrete, Carpet, Vinyl, Tile
Roof type
Metal
Listing Agency:
Parker Jones Real Estate
(256) 353-1112
Listed By:
Peggy Carden · License #111527
(256) 318-2771
Added: Jul 10
Changed: Oct 9
Last Checked: Oct 11 at 5:06PM
MLS# 21923236
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,980-square-foot flex property at 1401 6th Avenue includes two retail spaces, four offices, a breakroom, two restrooms, and warehouse space. The current layout supports multiple functional areas within one building, with the possibility of division for multiple tenants. An additional 2,000 square feet of storage is located upstairs, and a rear overhead door provides access to the storage area. The building has two HVAC systems and a metal roof.
The property occupies a 0.2571-acre corner lot at 6th Avenue and 10th Street SE in Decatur, Alabama. Site features include sidewalks, curb and gutters, exterior lighting, accessible parking, a parking lot, driveway, and alley access. Public water and public sewer serve the property. The building is offered for sale or lease.
The property occupies a 0.2571-acre corner lot at 6th Avenue and 10th Street SE in Decatur, Alabama. Site features include sidewalks, curb and gutters, exterior lighting, accessible parking, a parking lot, driveway, and alley access. Public water and public sewer serve the property. The building is offered for sale or lease.
Key Highlights
- 3,980‑square‑foot flex building on a 0.2571‑acre corner lot
- Current layout includes 2 retail spaces, 4 offices, breakroom, 2 restrooms, and warehouse space
- Additional 2,000 square feet of upstairs storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,914
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,280
$658.3K
Cap Rate 7%
$470,200
$470.2K
Cap Rate 9%
$365,711
$365.7K
Market Conditions
NOI Build-Up for 3,980 SF
Gross rent
$52.5K $13.20/SF
− Vacancy
−$5.5K −$1.39/SF
EGI
$47.0K $11.81/SF
− OpEx
−$14.1K −$3.54/SF
NOI
$32.9K $8.27/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,280
Cap Rate 7%
$470,200
Cap Rate 9%
$365,711
Alternative Uses
Best Use
Retail
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 4.39%
Second Best
Flex RnD
$341.6K
$298.9K – $398.5K
NOI $23,911 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$828.0K
$724.5K – $966.0K
NOI $57,962 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35601, AL
34,958
Population
15,168
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
26.5 sq mi
ZIP Area
1,319
Density / Sq Mi
$50,216
Median Household Income
$33,438
Median Earnings
$860
Median Rent
$148,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Corner-lot building combines retail areas, offices, warehouse space, and additional upper-level storage.
Where is this flex space located?
The property is located at 1401 6th Avenue Decatur, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,980‑square‑foot flex building on a 0.2571‑acre corner lot; Current layout includes 2 retail spaces, 4 offices, breakroom, 2 restrooms, and warehouse space; Additional 2,000 square feet of upstairs storage
