Hanceville Mixed-Use Commercial
304 Bangor Ave Se Hanceville, AL 35077
304 Bangor Ave Se, Hanceville, AL, 35077
$199,900
For Sale
$199,900
2,160 SF mixed-use building in Hanceville's Central Business District.
Property Size2,160 SF
Price / SF$92.55
Days on Market64
Property Features for 304 Bangor Ave Se
General Information
- Standard status
- Active
- Size
- 2,160 SF
Listing Agency
The Journey Home Realty Group
Listed by
Stacey Long
Source
Exprealty
Added: May 15 Checked: Jul 16 at 9:27 pm
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 The Journey Home Realty Group
Investment Insights
Based on property information with market context.
This versatile 2,160 SF mixed-use commercial building is located in the Central Business District of Hanceville, Alabama. Situated one block off Highway 31, it offers excellent accessibility and high traffic exposure. The property's flexible layout is suitable for a variety of uses, including retail, professional office, salon/spa, boutique, wellness, or other service-based businesses. Previously operated as a beauty salon and office space, the building presents an opportunity for an owner-user to occupy part of the space while leasing additional space for supplemental income. It is well-suited for both investors and business owners seeking adaptable commercial space in a convenient downtown location.
Key Highlights
- Prime Central Business District location with high traffic exposure.
- Versatile 2,100 SF mixed‑use building suitable for various businesses.
- Flexible layout ideal for retail, office, salon/spa, or service‑based businesses.
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 | $27.2k | $12.60 |
| − Vacancy | −$4.4k | −$2.02 |
| EGI | $22.9k | $10.58 |
| − OpEx | −$5.7k | −$2.65 |
| NOI | $17.1k | $7.94 |
2,160 SF · lease $12.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$244.9K
$214.3K – $285.8K
NOI $17,146 @ 7.0% cap · market cap 8.58%
Second Best
Retail
$221.6K
$193.9K – $258.6K
NOI $15,513 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$318.4K
$278.6K – $371.5K
NOI $22,291 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pirkey Tax Service
Accounting Firm
Pirkey Tax Service ...
Tax Preparation
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FAQs
What type of property is this?
Mixed-use property - 2,160 SF mixed-use building in Hanceville's Central Business District.
Where is this mixed-use property located?
The property is located at 304 Bangor Ave Se Hanceville, AL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Prime Central Business District location with high traffic exposure.; Versatile 2,100 SF mixed‑use building suitable for various businesses.; Flexible layout ideal for retail, office, salon/spa, or service‑based businesses.
