Retail Building with Basement and
For Sale
$249,900
1526 Gault Avenue N, Fort Payne, AL 35967
Retail building with two-side road frontage, a spacious basement, and a deck and walkway
Property Size2,496 SF
Price / SF$100.12
Days on Market277
Property Features for 1526 Gault Avenue N
General Information
Standard status
Active
Size
2,496 SF
Property subtype
COMMERCIAL
Amenities
new roof
new HVAC
spacious basement
deck
walkway
Building Details
Building Size
2,496 SF
Year Built
1951
Buildings
1
Listing Agency:
Re/Max Property Center
(256) 465-5016
Listed By:
Angela Wilson · License #48159
Source:
Southernpropertiesagency
Added: Oct 29, 2025
Changed: Jul 30
Last Checked: Jul 31 at 11:16AM
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 retail building offers flexible layout options with approximately 2,496 SF of space. The property includes a spacious basement, plus a deck and walkway for additional functional versatility. Recent improvements noted include a new roof and HVAC, supporting day-to-day operational readiness.
The building has road frontage on 2 sides and is located on Gault Avenue N in Fort Payne’s expanding commercial corridor. Its position along Gault Avenue places it near several new businesses opening in the area.
Built in 1951, this standalone retail asset is suited for a variety of commercial uses, making it a practical option for both new and established businesses seeking a prominent site with direct roadway exposure.
The building has road frontage on 2 sides and is located on Gault Avenue N in Fort Payne’s expanding commercial corridor. Its position along Gault Avenue places it near several new businesses opening in the area.
Built in 1951, this standalone retail asset is suited for a variety of commercial uses, making it a practical option for both new and established businesses seeking a prominent site with direct roadway exposure.
Key Highlights
- Approximately 2,496 SF retail building
- Road frontage on 2 sides along Gault Avenue N
- New roof and new HVAC
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 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$402.1K
$351.8K – $469.1K
NOI $28,147 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 35967, AL
17,233
Population
7,825
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
81%
High-School Grad
127.0 sq mi
ZIP Area
136
Density / Sq Mi
$48,125
Median Household Income
$32,051
Median Earnings
$678
Median Rent
$155,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building with two-side road frontage, a spacious basement, and a deck and walkway
Where is this retail space located?
The property is located at 1526 Gault Avenue N Fort Payne, AL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Approximately 2,496 SF retail building; Road frontage on 2 sides along Gault Avenue N; New roof and new HVAC
