401 Locust St Gadsden, AL 35901
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.
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Gadsden Times Publishing House Newspaper & Magazine
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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