Commercial Building in Developing
1526 Gault N Avenue Fort Payne, AL 35967
1526 Gault N Avenue, Fort Payne, AL, 35967
$289,000
For Sale
$289,000
2,496 SF commercial building in a rapidly developing business district.
Property Size2,496 SF
Price / SF$115.79
Days on Market261
Property Features for 1526 Gault N Avenue
General Information
- Standard status
- Active
- Size
- 2,496 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1951
Listing Agency
Re/Max Property Center
(256) 630-1695
Listed by
Angela Wilson · License #48159
(256) 630-1695
Source
Exitrealty
Added: Oct 30, 2025 Checked: Jul 16 at 7:00 am
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 Re/Max Property Center
Investment Insights
Based on property information with market context.
This 2,496 sq. ft. commercial building is located on Gault Avenue N in a rapidly developing business district. The property features road frontage on two sides, a new roof and HVAC system, a spacious basement, and a deck with a walkway. The building's functional versatility makes it suitable for a variety of commercial uses. It benefits from its proximity to several new businesses opening along Gault Avenue. This property is located in Fort Payne's expanding commercial corridor.
Key Highlights
- High‑visibility location on Gault Avenue N in a rapidly developing business district.
- 2,496 sq. ft. commercial building suitable for a variety of commercial uses.
- New roof and HVAC system.
Local Financial Insights For Retail
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 | $24.0k | $9.60 |
| − Vacancy | −$2.4k | −$0.96 |
| EGI | $21.6k | $8.64 |
| − OpEx | −$6.5k | −$2.59 |
| NOI | $15.1k | $6.05 |
2,496 SF · lease $9.60/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$215.7K
$188.7K – $251.6K
NOI $15,096 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$402.1K
$351.8K – $469.1K
NOI $28,147 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Traci's — 2103 Gault Ave N, Fort Payne, AL 35967
- Tiger Lily — 232 Gault Ave N, Fort Payne, AL 35967
FAQs
What type of property is this?
Storefront property - 2,496 SF commercial building in a rapidly developing business district.
Where is this storefront property located?
The property is located at 1526 Gault N Avenue Fort Payne, AL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: High‑visibility location on Gault Avenue N in a rapidly developing business district.; 2,496 sq. ft. commercial building suitable for a variety of commercial uses.; New roof and HVAC system.
