Spa & Wellness Property with
For Sale
$139,900
204 Third St W, Tuscumbia, AL 35674
Commercial Sale, Tuscumbia, AL
Property Size1,443 SF
Lot Size0.21 Acres
Price / SF$96.95
Days on Market190
Property Features for 204 Third St W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
00 Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
On Street
Patio and Porch features
Porch
Interior features
Inside Storage
Elementary school
City
Middle school
City
High school
City
Directions
Main St in Downtown Tuscumbia, Less than 1 block from Colbert County Courthouse.
Subdivision
Colbert
Standard status
Active
APN
13-03-05-4-001-045.001
Size
1,443 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
PT OF LOT 181 & PT OF 182 TUSCUMBIA
Tax Annual Amount
994
Legal Description
PT OF LOT 181 & PT OF 182 TUSCUMBIA
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
covered porch
reception area/foyer
work stations
display area
sitting area
kitchenette/break room
Building Details
Year built
1935
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Riverside Realty, Inc
(256) 381-8330
Listed By:
Debbie Eastep Morey · License #000067120
(256) 412-7555
Added: Apr 7
Changed: Oct 7
Last Checked: Oct 13 at 10:06PM
MLS# 528071
Copyright © 2026 Strategic MLS Alliance, 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 1,443-square-foot spa and wellness property occupies a 0.21-acre lot and is currently configured as a hair salon. A covered porch leads into the reception and foyer area, with workstations, display space, and a sitting area arranged through the main portion of the building. Additional rear rooms provide a kitchenette or break room and inside storage. The building has vinyl siding, laminate flooring, central heating, central air, a shingle roof, and one bathroom.
Built in 1935, the property is located at 204 Third St W in Tuscumbia, Alabama. Public sewer service is in place, and parking is available on the street. The existing salon-oriented layout provides a defined reception area, customer seating, service workspace, and support rooms within the building.
Built in 1935, the property is located at 204 Third St W in Tuscumbia, Alabama. Public sewer service is in place, and parking is available on the street. The existing salon-oriented layout provides a defined reception area, customer seating, service workspace, and support rooms within the building.
Key Highlights
- 1,443 SF building on a 0.21‑acre lot
- Current hair salon configuration with reception, workstations, display area, and sitting area
- Covered porch entry leads into the reception and foyer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,004
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,080
$180.1K
Cap Rate 7%
$128,629
$128.6K
Cap Rate 9%
$100,044
$100.0K
Market Conditions
NOI Build-Up for 1,443 SF
Gross rent
$14.4K $9.96/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$12.9K $8.91/SF
− OpEx
−$3.9K −$2.67/SF
NOI
$9.0K $6.24/SF
Area
Colbert County, AL
Vacancy
10.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,080
Cap Rate 7%
$128,629
Cap Rate 9%
$100,044
Alternative Uses
Best Use
Retail
$128.6K
$112.6K – $150.1K
NOI $9,004 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.4K
$201.6K – $268.8K
NOI $16,130 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,724 visits/mo
0.3 miles
Chevron
Shops & Services
2,355 visits/mo
0.1 miles
Demographics for 35674, AL
19,536
Population
8,945
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
174.1 sq mi
ZIP Area
112
Density / Sq Mi
$56,960
Median Household Income
$39,288
Median Earnings
$768
Median Rent
$176,700
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 Retail in South region
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Similar Off Market Nearby
- Pharmhouse Functional Medicine Pharmacist — 506 N Main St, Tuscumbia, AL 35674
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Existing salon layout includes reception, workstations, display space, and a rear kitchenette or break room.
Where is this spa & wellness property located?
The property is located at 204 Third St W Tuscumbia, AL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 1,443 SF building on a 0.21‑acre lot; Current hair salon configuration with reception, workstations, display area, and sitting area; Covered porch entry leads into the reception and foyer
