Muscle Shoals Commercial Corner
2403 Woodward Ave, Muscle Shoals, AL 35661
High-visibility commercial property suitable for retail, office, or service businesses.
Type:Commercial/Industrial
Property size:
2,700 SFPrice / SF:
$148/SF- Added:
- Feb 24, 2026
- Days on Market:
- 97
- Last Refresh:
- Apr 8 at 12:12 am
Property Features for 2403 Woodward Ave
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing agent Beth Pirtle License #000101566 (256) 762-2701
Listing office RE/MAX Tri-State (256) 762-2701
Listing date Feb 24, 2026
Source Exitrealty
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 Tri-State
HighLights
- Prime corner lot location at the intersection of Woodward Avenue and Elmhurst Avenue.
- High visibility and steady traffic flow next door to Krystal Hamburgers.
- Flexible L‑shaped showroom with potential for additional showroom or office space.
- Versatile layout with two additional rooms, a bonus room, and a half bath suitable for various business types.
- Large rear storage area with garage door for convenient loading and unloading.
- Alley access behind the property.
Overview
This commercial property is located on a corner lot at the intersection of Woodward Avenue and Elmhurst Avenue in Muscle Shoals, next to Krystal Hamburgers. The building features an L-shaped showroom with the option for an additional showroom or front office space behind the main area. Down the hallway are two additional rooms, a bonus room, and a half bath. A large rear storage area with a garage door allows for loading and unloading, and an alley runs behind the property providing access. The property is suitable for retail, office, or service-based businesses. The property contains 2700 square feet.
Local Financial Insights For Office B
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 | $37.9k | $14.04 |
| − Vacancy | −$8.3k | −$3.09 |
| EGI | $29.6k | $10.95 |
| − OpEx | −$7.4k | −$2.74 |
| NOI | $22.2k | $8.21 |
2,700 SF · lease $14.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$316.8K
$277.2K – $369.6K
NOI $22,176 @ 7.0% cap · market cap 5.55%
Second Best
Retail
$240.7K
$210.6K – $280.8K
NOI $16,848 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$431.2K
$377.3K – $503.0K
NOI $30,181 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Places Nearby
- Sunflower Florist & Gardens Lawn Care — 1201 Woodward Ave, Muscle Shoals, AL 35661
Location Insight
- Map
- Local Demand
- City
- Muscle Shoals
- County
- Colbert
- State
- Alabama
- Longitude
- -87.6673602
- Latitude
- 34.7389669
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - High-visibility commercial property suitable for retail, office, or service businesses.
Where is this storefront property located?
The property is located at 2403 Woodward Ave Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Prime corner lot location at the intersection of Woodward Avenue and Elmhurst Avenue.; High visibility and steady traffic flow next door to Krystal Hamburgers.; Flexible L‑shaped showroom with potential for additional showroom or office space.
