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    401 Locust St Gadsden, AL 35901

    For Lease
    $12 SF/Yr

    Gadsden, AL: Versatile office, retail, warehouse

    Lot size:
    36,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Time Square at Locust Street, located at 401 Locust Street in Gadsden, Alabama, presents a unique investment opportunity. This multi-tenant building offers 36,000 square feet of flexible space, divisible from 100 square feet to the entire building. The property features a mix of executive office, creative office, flex space, and warehouse options, catering to diverse business needs. Tenants can choose from individual offices to larger suites, with shared common areas available. A notable feature is a unique event space boasting an open floor plan, exposed brick, high ceilings, and private access. The building sits on 0.82 acres of land, with convenient access via 151 feet of frontage on Locust Street and a cross street at North 4th Street. Built in 1940 and renovated in 2010, the two-story building includes two loading docks, two dock-high doors, and one drive-in door, enhancing its functionality for various businesses. The property is zoned B4 (Design Review District) within Gadsden's Downtown Historic District, offering proximity to local amenities. The building's rich history, previously housing The Gadsden Times, adds to its character. With 34,000 square feet currently vacant, this property offers significant potential for immediate occupancy and long-term growth. The property's APN is 15-02-04-4-000-110.000. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving downtown area.

    Property Features for 401 Locust St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,000 SF
    Total Rate
    36000

    Building Details

    Year Built/Renovated
    1940/2010
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Ground level warehouse
    Size
    6,000 SF
    Rate per SF
    $12
    Space
    Event Space
    Size
    0 SF
    Rate per SF
    $12
    Space
    Second Floor
    Size
    10,000 SF
    Rate per SF
    $12
    Space
    Ground level 1
    Size
    100 SF
    Rate per SF
    $12

    HighLights

    • Flexible floor plans, divisible from 100 sq ft to 36,000 sq ft total.
    • Offers office, retail, and warehouse space.
    • On‑site rear parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gadsden Times Newspaper Publisher Ck Creations Custom T-Shirt Store VisitHer Health And Beauty Shop Eden Bath, Hair ... Health And Beauty Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gadsden
    County
    Etowah
    State
    Alabama
    Longitude
    -86.002683222613
    Latitude
    34.013976484887

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    FAQs

    What type of property is this?
    Office space - Gadsden, AL: Versatile office, retail, warehouse
    Where is this office space located?
    The property is located at 401 Locust St Gadsden, AL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Flexible floor plans, divisible from 100 sq ft to 36,000 sq ft total.; Offers office, retail, and warehouse space.; On-site rear parking.
    Request Owner's contact information
    401 Locust St Gadsden, AL 35901
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    Gadsden, AL 35901
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    Realmo Value Estimation

    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.

    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.

    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
    401 Locust St Gadsden, AL 35901
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