Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Historic Mixed-Use Building in Gadsden Title is generated by Realmo AI

    546 Broad Street, Gadsden, AL 35901

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Large historic commercial building in downtown Gadsden with multiple suites.

    Type:Retail
    Property size:
    11,814 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $84/SF
    Added:
    May 12, 2026
    Days on Market:
    16
    Last Refresh:
    May 16 at 8:39 pm

    Property Features for 546 Broad Street

    General Information

    Standard status
    Active
    Size
    11,814 SF
    Lot size
    0.14 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Marsha Whisenhunt
    Marsha Whisenhunt

    Listing agent Marsha Whisenhunt License #63950

    Listing office United Country Real Estate | Taylor Real Estate Solutions

    Listing date May 12, 2026

    Source Crexi

    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 United Country Real Estate | Taylor Real Estate Solutions

    HighLights

    • Significant investment potential in Gadsden with the Minth Group's $430 million investment and 1,300+ new jobs.
    • Large‑format historic commercial building (11,814 SF) in downtown Gadsden.
    • Multiple usable suites offer flexible leasing options (Suite 1: 2,650 SF, Suite 2: 1,850 SF, Suite 3: 1,000 SF, Suite 4: 1,000 SF).
    • Strategic location within walking distance to entertainment, restaurants, and shopping.
    • Benefits from Gadsden's GROW Gadsden Master Plan focusing on revitalization and quality‑of‑life improvements.
    • Recent capital improvements include a new roof and HVAC system.

    Overview

    Located at 546 Broad Street in downtown Gadsden, this historic commercial building offers approximately 11,814 square feet of space on a 0.14-acre lot. The property, suitable for retail and mixed-use purposes, features a brick exterior and a flat-shed roof. Constructed in 1925, the two-story building includes multiple usable suites, including Suite 1 with approximately 2,650 square feet, Suite 2 with approximately 1,850 square feet, Suite 3 with approximately 1,000 square feet, and Suite 4 with approximately 1,000 square feet, along with upstairs office and storage areas. Capital improvements include a new roof and HVAC system. The location is within walking distance of entertainment, restaurants, and shopping. The City’s GROW Gadsden Master Plan emphasizes revitalization, riverfront development, parks, trails, arts, culture, and quality-of-life improvements. The planned Coosa Harbor riverfront mixed-use development, valued at over $20 million, will include condos, retail, restaurants, and destination-oriented uses, along with public investment in a downtown multi-use greenway. Minth Group has announced a $430 million investment at the former steel plant site in Gadsden, expected to create more than 1,300 jobs, strengthening the area’s employment base and demand for commercial services, offices, retail, housing, and downtown amenities.
    Location Intelligence

    Current Use by Public Records

    American Wealth Management Financial Advisor 5 Branded Broncs ... Industrial Manufacturer Lookout Mountain Goat ... Art Studio Jireh's Boutique Gifts ... Clothing & Fashion Store American Wealth Management, ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Lilypad florist of Gadsden — 825 W Meighan Blvd, Gadsden, AL 35901
    • The Lily Pad Florist — 825 W Meighan Blvd, Gadsden, AL 35901
    • Gadsden Flowers & Gifts — gadsden, al 35901
    • Rococo Floral Studio — 215 N 4th St, Gadsden, AL 35901
    • Blooms On Broad — 428 Broad St, Gadsden, AL 35901

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -86.0063778
    Latitude
    34.0140329

    Nearby Similar for Sale

    • $319,900

      Remodeled Retail Opportunity on Highway

      Turn-key commercial space in high-traffic location on Highway 431.
      15391 HIGHWAY 431, GADSDEN, AL 35905
      View Details
    • $319,900
      1,260 SF

      Remodeled Commercial Space on Highway

      Turn-key commercial space with high visibility and traffic.
      15391 Highway 431 S, Gadsden, AL 35905
      View Details
    • $429,900
      2,574 SF

      Gadsden Medical Office with Parking

      Duplex-style medical office near Riverview Regional Medical Center.
      427 S 4th Street, Gadsden, AL 35901
      View Details
    • $499,900
      9,696 SF

      Gadsden Commercial Property on Highway 431

      Strategically located warehouse with office space and ample fenced yard.
      1229 Malone Street, Gadsden, AL 35901
      View Details
    • $999,900
      12,000 SF

      Downtown Gadsden Multi-Tenant Building

      Prime commercial building with high visibility and income potential.
      546 Broad Street, Gadsden, AL 35901
      View Details
    • $585,000
      8,800 SF

      Gadsden Commercial Property For Sale

      Commercial property suitable for office or religious activities.
      813 Chestnut Street, Gadsden, AL 35901
      View Details
    • $399,900
      2,303 SF

      Gadsden Office Space For Sale

      Timeless office space in downtown Gadsden near Riverview Regional.
      704 S 4th Street, Gadsden, AL 35901
      View Details
    • $172,900
      1,303 SF

      Gadsden Commercial Building For Sale

      Versatile commercial building suitable for retail, office, or service use.
      2306 W Meighan Boulevard, Gadsden, AL 35904
      View Details
    • $499,900
      7,281 SF

      Downtown Gadsden Commercial Building

      7,300 SF +/- commercial building in downtown Gadsden, Alabama.
      534 Walnut Street, Gadsden, AL 35901
      View Details
    • $149,900
      2,066 SF

      Historic Commercial Building in Gadsden

      Located in the heart of Alabama City's historic district.
      218 Wall Street, Gadsden, AL 35904
      View Details
    • $365,000
      7,954 SF

      Gadsden Office Building on Highway

      Multi-use office building with high visibility and access.
      2600 E Meighan Boulevard, Gadsden, AL 35903
      View Details
    • $199,000

      Mixed-Use Property in Gadsden, AL

      Mixed-use property with office space and garage in Gadsden.
      2716 FIELDS AVENUE, GADSDEN, AL 35903
      View Details

    FAQs

    What type of property is this?
    Storefront property - Large historic commercial building in downtown Gadsden with multiple suites.
    Where is this storefront property located?
    The property is located at 546 Broad Street Gadsden, AL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Significant investment potential in Gadsden with the Minth Group's $430 million investment and 1,300+ new jobs.; **Large‑format historic commercial building (11,814 SF) in downtown Gadsden.**; Multiple usable suites offer flexible leasing options (Suite 1: 2,650 SF, Suite 2: 1,850 SF, Suite 3: 1,000 SF, Suite 4: 1,000 SF).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marsha Whisenhunt
    Marsha Whisenhunt
    Real Estate License ID: 63950
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    546 Broad Street, Gadsden, AL 35901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!