Mixed-Use Building with
309 N Montgomery Ave Sheffield, AL 35660
309 N Montgomery Ave, Sheffield, AL, 35660
$1,075,000
For Sale
$1,075,000
COMMERCIAL - Sheffield, AL
Property Size12,000 SF
Price / SF$89.58
Days on Market1718
Property Features for 309 N Montgomery Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B1
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 4
- Parking features
- On Street
- Interior features
- Ceiling-High, Counters - Solid Surface, Inside Storage, Living Space Available, Recessed Lighting, Utility Sink
- Standard status
- Active
- APN
- 0708283010041000
- Size
- 12,000 SF
Taxes and HOA fees
- Tax Description
- LOTS 19 & 20 BLK 62 SHEFFIELD 50 X 120
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2014
- Flooring type
- Concrete, Wood (flooring)
- Building materials
- Block, Brick, Other (ConstrMat)
- Roof type
- Metal
- Additional Structures
- Storage
Listing Agency
RE/MAX Tri-State
(256) 383-7787
1661 S Wilson Dam Rd, Florence, AL
Listed by
Beth Pirtle · License #000101566
(256) 810-4786
Added: Nov 3, 2021 Checked: Jul 17 at 1:06 am
MLS# 502216
Listing URL
Copyright © 2026 Strategic MLS Alliance, 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 mixed-use building is currently operating as a hardware store on the main level, with beautiful hardwood floors. The building was totally remodeled in 2014. The upper level includes two-bedroom, two-bath apartments and one-bedroom, one-bath apartments, and all units are currently occupied with a waiting list.
The property is located at 309 N Montgomery Ave in Sheffield, Alabama, in Colbert County. It is listed as a building-only sale.
Zoning is listed as B1, supporting a mix of uses within the building’s existing retail and residential configuration.
The property is located at 309 N Montgomery Ave in Sheffield, Alabama, in Colbert County. It is listed as a building-only sale.
Zoning is listed as B1, supporting a mix of uses within the building’s existing retail and residential configuration.
Key Highlights
- Building was totally remodeled in 2014 and features central heating and central air
- Metal roof with block and brick construction
- Flooring includes concrete and wood (main level has hardwood floors)
Local 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 | $144.0k | $12.00 |
| − Vacancy | −$17.3k | −$1.44 |
| EGI | $126.7k | $10.56 |
| − OpEx | −$47.5k | −$3.96 |
| NOI | $79.2k | $6.60 |
12,000 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 7.37%
Second Best
Retail
$1.07M
$936.0K – $1.25M
NOI $74,879 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,139 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sheffield Hardware
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Remodeled 2014 building features a hardware store main level and multiple occupied apartments on the upper level.
Where is this mixed-use property located?
The property is located at 309 N Montgomery Ave Sheffield, AL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Building was totally remodeled in 2014 and features central heating and central air; Metal roof with block and brick construction; Flooring includes concrete and wood (main level has hardwood floors)
