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    349 1St St Alabaster, AL 35007

    Sponsored
    For Lease
    $9 SF/Yr ($15,833 /Mo)

    ±14,000 SF Retail & Warehouse Available

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional property in Alabaster, Alabama, offers ±14,000 square feet of newly renovated retail and warehouse space, ideally situated at 349 1st St SW, 35007. The building, constructed in 1940 and extensively renovated in 2024, comprises 20,000 total square feet across two stories, with a 13-foot ceiling height. The main level features approximately 14,000 square feet of open retail space, divisible into two suites, each offering a minimum of 6,800 square feet. Below, a flexible warehouse space provides three loading docks, a man door, and ample parking. The entire 20,000 square feet is currently vacant and available for lease, either as a whole or in separate suites. The 4.3-acre lot offers potential for yard space. This location boasts convenient access to I-65, near the intersection of highways 119 and 31, and proximity to historic downtown Alabaster. The property is perfect for a variety of uses, including retail, light industrial, storage, or other alternative uses. Its strategic location and recent renovations make it an attractive opportunity for businesses seeking a versatile and well-equipped space.

    Property Features for 349 1St St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    15833.33

    Building Details

    Year Built/Renovated
    1940/2024
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    7,700 SF
    Rate per SF
    $9
    Space
    Available Space
    Size
    6,800 SF
    Rate per SF
    $9

    HighLights

    • Under new ownership.
    • High‑traffic location with national retailers nearby.
    • 13‑foot ceilings and loading docks in each suite.
    • Excellent basement storage with additional loading dock access.
    • Ample rear parking, lay‑down area, and excess land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.817320523857
    Latitude
    33.240688845406

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    FAQs

    What type of property is this?
    Distribution property - ±14,000 SF Retail & Warehouse Available
    Where is this distribution property located?
    The property is located at 349 1St St Alabaster, AL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Under new ownership.; High-traffic location with national retailers nearby.; 13-foot ceilings and loading docks in each suite.
    Request Owner's contact information
    349 1St St Alabaster, AL 35007
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    Alabaster, AL 35007
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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
    349 1St St Alabaster, AL 35007
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