Mixed-Use Retail and
310 N Montgomery Ave Sheffield, AL 35660
310 N Montgomery Ave, Sheffield, AL, 35660
$1,075,000
For Sale
$1,075,000
SINGLE_FAMILY - Sheffield, AL
Property Size12,000 SF
Price / SF$89.58
Days on Market1718
Property Features for 310 N Montgomery Ave
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- B1
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 4
- Parking features
- On Street, Alley
- Security features
- Security System
- Interior features
- Built-in Features, Ceiling-High, Counters - Solid Surface, Handicap Features, Inside Storage, Recessed Lighting, Sound System, Track Lighting, Utility Sink
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 0708283011005000
- Size
- 12,000 SF
Taxes and HOA fees
- Tax Description
- LOTS 7 & 8 BLK 63 SHEFFIELD 50 X 120
Utilities
- 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)
- 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 2:06 am
MLS# 502220
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 for-sale property includes two separate buildings with two different businesses and four apartments. Each apartment is described as a 2-bedroom, 2-bath layout, and the public remarks indicate all four units are currently occupied. The seller also notes working space in the building with room for expansion.
The property is located at 310 N Montgomery Ave in Sheffield, Alabama, in Colbert County. The provided zoning information is B1.
Overall, the configuration combines retail/commercial business space with residential income units, totaling four apartments within the two-building package.
The property is located at 310 N Montgomery Ave in Sheffield, Alabama, in Colbert County. The provided zoning information is B1.
Overall, the configuration combines retail/commercial business space with residential income units, totaling four apartments within the two-building package.
Key Highlights
- Two‑building property with two different businesses and 4 total apartments
- All four apartments are 2 bed/2 bath and are occupied
- Year built 2014; central heating and central air
Local Financial Insights For Retail
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 | $119.5k | $9.96 |
| − Vacancy | −$12.5k | −$1.05 |
| EGI | $107.0k | $8.91 |
| − OpEx | −$32.1k | −$2.67 |
| NOI | $74.9k | $6.24 |
12,000 SF · lease $9.96/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$936.0K – $1.25M
NOI $74,879 @ 7.0% cap · market cap 6.97%
Second Best
Multifamily LT 5
$1.01M
$883.6K – $1.18M
NOI $70,686 @ 7.0% cap · market cap 6.58%
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
Salon 310
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - For sale package includes two buildings with two businesses and four 2-bed, 2-bath apartments.
Where is this quadplex located?
The property is located at 310 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: Two‑building property with two different businesses and 4 total apartments; All four apartments are 2 bed/2 bath and are occupied; Year built 2014; central heating and central air
