Downtown Cullman Commercial Building &
607 2nd Ave Cullman, AL 35055
607 2nd Ave, Cullman, AL, 35055
$474,900
For Sale
$474,900
Commercial building and lot on high-traffic highway in downtown Cullman.
Property Size2,630 SF
Price / SF$180.57
Days on Market127
Property Features for 607 2nd Ave
General Information
- Standard status
- Active
- Size
- 2,630 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1940
Listing Agency
Happy Homes Real Estate
(256) 590-2658
Listed by
Wes Warren · License #88921
(256) 590-2658
Source
Exitrealty
Added: Mar 13 Checked: Jul 16 at 7:53 am
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 Happy Homes Real Estate
Investment Insights
Based on property information with market context.
This commercial property features a building and a separate lot located on a high-traffic section of Highway 31 in downtown Cullman. The building contains original hardwood floors and retains much of its original character. The layout is suitable for a professional office building, with multiple offices potentially able to be restored. The second level, accessible via a separate entry, includes multiple rooms and a full bath, offering the possibility of a loft living space. An unfinished basement provides additional storage. The adjacent lot can be used for off-street parking, accessible from 7th Street SW behind Bennett Tire, or for new construction. The building has a size of 2630 square feet and is located across the street from the Cullman Courthouse.
Key Highlights
- High‑traffic location on Hwy 31 in Downtown Cullman.
- Multiple uses for commercial building and separate lot.
- Across the street from Cullman Courthouse.
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 | $33.1k | $12.60 |
| − Vacancy | −$5.3k | −$2.02 |
| EGI | $27.8k | $10.58 |
| − OpEx | −$7.0k | −$2.65 |
| NOI | $20.9k | $7.94 |
2,630 SF · lease $12.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$298.2K
$261.0K – $348.0K
NOI $20,877 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$387.7K
$339.3K – $452.4K
NOI $27,142 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Salt and Light .LLC
Electronics & Wireless Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Commercial building and lot on high-traffic highway in downtown Cullman.
Where is this office building located?
The property is located at 607 2nd Ave Cullman, AL.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: High‑traffic location on Hwy 31 in Downtown Cullman.; Multiple uses for commercial building and separate lot.; Across the street from Cullman Courthouse.
