Mixed-Use Building with Rooftop
2504 7th Street Tuscaloosa, AL 35401
For Sale
$2,975,000
Two residential lofts and two office spaces share a rooftop deck, with exposed brick and soaring ceilings in the lofts.
Property Size8,100 SF
Price / SF$367.28
Days on Market314
Property Features for 2504 7th Street
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
HAMNER REAL ESTATE
(205) 292-6133
Listed By:
Jennifer Hamner
(205) 292-6133
Source:
Exitrealty
Added: Sep 20, 2025
Changed: Jul 23
Last Checked: Jul 29 at 5:50AM
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 HAMNER REAL ESTATE
Investment Insights
Based on property information with market context.
This mixed-use building includes two residential lofts and two commercial office spaces. The loft interiors feature exposed brick and soaring ceilings, with rooftop access available for both residential units. One loft is configured as a 5-bedroom, 4-bath layout, and the other is a 1-bedroom flat.
The property is located at 2504 7th Street in downtown Tuscaloosa. A rooftop deck provides outdoor space with panoramic views of downtown Tuscaloosa.
As offered for sale, the building combines separate office and residential components within one structure, supported by shared rooftop deck access for the lofts.
The property is located at 2504 7th Street in downtown Tuscaloosa. A rooftop deck provides outdoor space with panoramic views of downtown Tuscaloosa.
As offered for sale, the building combines separate office and residential components within one structure, supported by shared rooftop deck access for the lofts.
Key Highlights
- Year built 1900 brick building in downtown Tuscaloosa
- Features two residential lofts plus two commercial office spaces
- One loft offers 5 bedrooms and 4 bathrooms with rooftop access
Financial Insights For Mixed Use
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 | $170.1k | $21.00 |
| − Vacancy | −$16.2k | −$2.00 |
| EGI | $153.9k | $19.01 |
| − OpEx | −$57.7k | −$7.13 |
| NOI | $96.2k | $11.88 |
8,100 SF · lease $21.00/SF/yr · vacancy 9.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.37M
$1.20M – $1.60M
NOI $96,213 @ 7.0% cap · market cap 3.23%
Second Best
Office B
$1.34M
$1.17M – $1.56M
NOI $93,822 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,255 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Two residential lofts and two office spaces share a rooftop deck, with exposed brick and soaring ceilings in the lofts.
Where is this live-work space located?
The property is located at 2504 7th Street Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Year built 1900 brick building in downtown Tuscaloosa; Features two residential lofts plus two commercial office spaces; One loft offers 5 bedrooms and 4 bathrooms with rooftop access
