Downtown Tuscaloosa Retail/Office
2531 University Blvd Tuscaloosa, AL 35401
2531 University Blvd, Tuscaloosa, AL, 35401
Contact for pricing
For Sale
Contact for pricing
Pending
Retail or office condo in downtown mixed-use development.
Property Size785 SF
Days on Market834
Property Features for 2531 University Blvd
General Information
- Standard status
- Pending
- Size
- 785 SF
- Property subtype
- Retail
Listing agency
PGA Realty, LLC
(205) 345-0116
Listed by
Patrick Agee · License #AL 0000747900
Source
Crexi
Added: Apr 9, 2024 Updated: Jul 10 at 11:24AM Checked: Jul 21 at 4:04AM
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 PGA Realty, LLC
Investment Insights
Based on property information with market context.
This is an opportunity to own a commercial space in Downtown Tuscaloosa. The property is a ground floor retail or office condominium located in a mixed-use development. The space is a cold shell, allowing for customization of mechanical, electrical, and plumbing systems. The unit is approximately 785 square feet. The owners association manages exterior maintenance.
Key Highlights
- Rare opportunity to own commercial property in Downtown Tuscaloosa.
- Ground floor retail/office condo in a mixed‑use development.
- Customizable space: cold shell allows for flexible MEP placement.
Local Financial Insights For Retail
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 | $13.7k | $17.40 |
| − Vacancy | −$1.1k | −$1.36 |
| EGI | $12.6k | $16.04 |
| − OpEx | −$3.8k | −$4.81 |
| NOI | $8.8k | $11.23 |
785 SF · lease $17.40/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$125.9K
$110.2K – $146.9K
NOI $8,816 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.6K
$165.1K – $220.1K
NOI $13,205 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Just Love Coffee ...
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail or office condo in downtown mixed-use development.
Where is this retail space located?
The property is located at 2531 University Blvd Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Rare opportunity to own commercial property in Downtown Tuscaloosa.; Ground floor retail/office condo in a mixed‑use development.; Customizable space: cold shell allows for flexible MEP placement.
