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    2531 University Blvd Tuscaloosa, AL 35401

    For Sale
    $239,900

    Prime Retail Condo, Vacant, 785 SF

    Property size:
    785 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A storefront condo, located at 2531 University Blvd, Unit 6, in the heart of Downtown Tuscaloosa, Alabama, presents a rare investment opportunity. Priced at $239,900, this 785 square foot vacant space offers unparalleled flexibility for a variety of retail or office uses. The property is a "cold shell," allowing complete customization of mechanical, electrical, and plumbing (MEP) systems to perfectly suit your business needs. Situated within a thriving mixed-use development, this ground floor unit benefits from the convenience and appeal of a bustling downtown location. The owners association manages exterior maintenance, allowing you to focus solely on your business operations. The property's location in Tuscaloosa County, Alabama, zip code 35401, provides excellent visibility and accessibility. This is a unique chance to establish a presence in a vibrant and growing urban center. The asking price equates to $305.61 per square foot. The property is currently vacant, offering immediate occupancy. Don't miss this chance to own a piece of Downtown Tuscaloosa.

    Property Features for 2531 University Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    785 SF
    Class
    A

    Building Details

    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Just Love Coffee ... Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5707284
    Latitude
    33.2088757

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Condo, Vacant, 785 SF
    Where is this individual retail property 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.
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    2531 University Blvd Tuscaloosa, AL 35401
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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
    2531 University Blvd Tuscaloosa, AL 35401
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