Office Building with
New
For Sale
$125,000
2400 Ewing Avenue, Gadsden, AL 35901
Business Opportunity, Gadsden, AL
Property Size1,589 SF
Lot Size0.44 Acres
Price / SF$78.67
Days on Market2
Property Features for 2400 Ewing Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
High Visibility
Directions
Hwy 411, Left Onto Ewing Ave And Property Is On The Right Just Before Don's Butcher Block.
Standard status
Active
APN
1007261000088.000
Size
1,589 SF
Lot size
0.44 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Corporate South Realty,Inc
(256) 543-1292
Listed By:
Wesley Sutton · License #78909
(256) 504-7665
Added: Oct 22
Last Checked: Oct 23 at 4:06PM
MLS# 21932353
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Investment Insights
Based on property information with market context.
This 1,589-square-foot office building sits on a 0.44-acre parcel and was built in 1957. Its interior includes a waiting area, a large open showroom, rear storage and a bathroom. Concrete flooring and central air are present, along with public water and sewer service. The property was most recently used as an office.
Located on Ewing Avenue in Gadsden, the building is near other commercial properties and residential uses. The site has level parking and is zoned NC according to online records.
Located on Ewing Avenue in Gadsden, the building is near other commercial properties and residential uses. The site has level parking and is zoned NC according to online records.
Key Highlights
- 1,589‑square‑foot office building on 0.44 acres
- Interior includes a waiting area, open showroom, rear storage and a bathroom
- Central air and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,262
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,240
$205.2K
Cap Rate 7%
$146,600
$146.6K
Cap Rate 9%
$114,022
$114.0K
Market Conditions
NOI Build-Up for 1,589 SF
Gross rent
$17.5K $11.04/SF
− Vacancy
−$3.9K −$2.43/SF
EGI
$13.7K $8.61/SF
− OpEx
−$3.4K −$2.15/SF
NOI
$10.3K $6.46/SF
Area
Etowah County, AL
Vacancy
22.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,240
Cap Rate 7%
$146,600
Cap Rate 9%
$114,022
Alternative Uses
Best Use
Office B
$146.6K
$128.3K – $171.0K
NOI $10,262 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$259.8K
$227.3K – $303.1K
NOI $18,187 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 35901, AL
18,671
Population
9,075
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
59.2 sq mi
ZIP Area
315
Density / Sq Mi
$47,826
Median Household Income
$30,212
Median Earnings
$747
Median Rent
$174,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An open display area is complemented by a waiting space, rear storage and a bathroom.
Where is this office building located?
The property is located at 2400 Ewing Avenue Gadsden, AL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1,589‑square‑foot office building on 0.44 acres; Interior includes a waiting area, open showroom, rear storage and a bathroom; Central air and concrete flooring
