Mixed-Use Property with Retail
New
For Sale
$324,900
323 5TH AVENUE, Attalla, AL 35954
Commercial Sale, ATTALLA, AL
Property Size3,544 SF
Lot Size0.11 Acres
Price / SF$91.68
Days on Market4
Property Features for 323 5TH AVENUE
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking
2
Parking features
Alley, On Street
Lot features
High Visibility
Directions
Main Street Downtown Attalla
Standard status
Active
Size
3,544 SF
Lot size
0.11 Acres
Utilities
Heating system
Electric (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Tile, Wood
Building materials
Brick
Roof type
Membrane
Buildings
2
Listing Agency:
Impact Realty, LLC
(256) 459-4001
Listed By:
Renee Chambers · License #41465
(256) 490-1943
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 29 at 7:06PM
MLS# 21932633
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Investment Insights
Based on property information with market context.
Built in 1895, this 3,544-square-foot brick property in downtown Attalla is listed on the National Register of Historic Places. Its residential areas include a 2-bedroom, 2-bathroom living space with a kitchen, pantry, family room, and wood-burning fireplace. The upper level has a bedroom, bathroom, walk-in closet, living area, and breakfast bar. Original pine flooring, 14-foot beaded-board ceilings, and custom finishes add distinctive interior details.
The 0.11-acre property includes an 8-by-12-foot outbuilding and two parking spaces. Its configuration offers potential for two rental units as well as retail space.
The 0.11-acre property includes an 8-by-12-foot outbuilding and two parking spaces. Its configuration offers potential for two rental units as well as retail space.
Key Highlights
- 3,544‑square‑foot brick property built in 1895
- Listed on the National Register of Historic Places
- Potential configuration for two rental units and retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,989
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,780
$559.8K
Cap Rate 7%
$399,843
$399.8K
Cap Rate 9%
$310,989
$311.0K
Market Conditions
NOI Build-Up for 3,544 SF
Gross rent
$49.8K $14.04/SF
− Vacancy
−$5.0K −$1.40/SF
EGI
$44.8K $12.64/SF
− OpEx
−$16.8K −$4.74/SF
NOI
$28.0K $7.90/SF
Area
Etowah County, AL
Vacancy
10.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,780
Cap Rate 7%
$399,843
Cap Rate 9%
$310,989
Alternative Uses
Best Use
Retail
$467.8K
$409.3K – $545.8K
NOI $32,747 @ 7.0% cap · market cap 10.08%
Second Best
Mixed Use
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 8.61%
Theoretical Best
Specialty Retail
$579.5K
$507.0K – $676.0K
NOI $40,562 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
Jack's Family Restaurants
Dining
14,617 visits/mo
0.2 miles
Dollar General
Shops & Services
9,320 visits/mo
0.2 miles
SONIC Drive In
Dining
7,824 visits/mo
0.1 miles
Citgo
Shops & Services
6,614 visits/mo
0.4 miles
Demographics for 35954, AL
12,145
Population
5,646
Households
2.2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
106.6 sq mi
ZIP Area
114
Density / Sq Mi
$56,004
Median Household Income
$37,924
Median Earnings
$681
Median Rent
$130,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building offers residential accommodations alongside space with potential for retail use.
Where is this mixed-use property located?
The property is located at 323 5TH AVENUE Attalla, AL.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 3,544‑square‑foot brick property built in 1895; Listed on the National Register of Historic Places; Potential configuration for two rental units and retail space
