Commercial Land with
For Sale
$118,000
224 Princeton Avenue, Gadsden, AL 35904
Business Opportunity, Gadsden, AL
Property Size900 SF
Lot Size0.31 Acres
Price / SF$131.11
Days on Market178
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Property Features for 224 Princeton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Subdivision
North Highland
Lot features
High Visibility
Directions
From Gadsden Take Us Hwy 411 North To Princeton Avenue And Turn Right At The Light. Property Is On The Left Past Dollar General.
Standard status
Active
APN
1007352000083 and 084
Size
900 SF
Lot size
0.31 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Swafford Auction Group LLC
(256) 927-8900
Listed By:
Shane Swafford · License #58627
(256) 509-5172
Added: Apr 21
Changed: Sep 7
Last Checked: Oct 15 at 2:06PM
MLS# 21882030
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 0.3099-acre commercial parcel includes a level site with a 30' x 30' block building under a metal roof. The 900-square-foot building has concrete flooring, two 8' x 9' overhead doors, and a 32-inch side entrance door.
Additional improvements include a 17' x 20' metal building with a 6.5-foot door and an 8' x 10' portable building. The property has double road frontage and sits next to Dollar General between US HWY 411 and Princeton Avenue. Public water and public sewer serve the site.
Additional improvements include a 17' x 20' metal building with a 6.5-foot door and an 8' x 10' portable building. The property has double road frontage and sits next to Dollar General between US HWY 411 and Princeton Avenue. Public water and public sewer serve the site.
Key Highlights
- 0.3099‑acre level commercial parcel with double road frontage
- 900‑square‑foot block building with metal roof and concrete flooring
- Two 8' x 9' overhead doors and one 32" side entrance door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,952
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,040
$99.0K
Cap Rate 7%
$70,743
$70.7K
Cap Rate 9%
$55,022
$55.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$6.3K $6.96/SF
− Vacancy
−$438 −$0.49/SF
EGI
$5.8K $6.47/SF
− OpEx
−$874 −$0.97/SF
NOI
$5.0K $5.50/SF
Area
Etowah County, AL
Vacancy
7.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,040
Cap Rate 7%
$70,743
Cap Rate 9%
$55,022
Alternative Uses
Best Use
Warehouse
$70.7K
$61.9K – $82.5K
NOI $4,952 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$147.2K
$128.8K – $171.7K
NOI $10,301 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 35904, AL
13,559
Population
6,272
Households
2.2
Avg Household Size
41
Median Age
11%
College-Educated
80%
High-School Grad
48.8 sq mi
ZIP Area
278
Density / Sq Mi
$40,915
Median Household Income
$28,479
Median Earnings
$792
Median Rent
$100,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Level commercial parcel with road frontage, a block building, and two additional structures.
Where is this commercial land located?
The property is located at 224 Princeton Avenue Gadsden, AL.
What is the asking price?
The asking price for this property is $118,000.
What are key features of this property?
This property features: 0.3099‑acre level commercial parcel with double road frontage; 900‑square‑foot block building with metal roof and concrete flooring; Two 8' x 9' overhead doors and one 32" side entrance door
