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Property profile

111 1St St Alabaster, AL 35007

OFF-MARKET
Retail properties & Spaces
22,500 SF Built 1945
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Property summary

AI-generated overview

This exceptional investment opportunity presents two vacant, historic storefront buildings totaling 22,500 square feet, situated on 111 and 101 1st Street North in Alabaster, Alabama. Built in 1945, these charming, two-story (plus full basements) Class B buildings offer significant potential for redevelopment or repurposing. The property features large storefront windows, high (10'+) ceilings, and roll-up bay doors, creating an open and adaptable layout. Conveniently located along US Highway 31, the property benefits from excellent visibility and accessibility. Zoned B-5, this property allows for a multitude of uses. Each building offers unique characteristics, with full basements providing additional storage or expansion possibilities. The asking price is $1,000,000, representing a price per square foot of $44.44. The property's two buildings sit on separate parcels, with APN numbers 13 7 35 4 402 013.000. This is a rare chance to acquire a significant piece of Alabaster's commercial history and capitalize on its prime location and versatile space. The property's convenient access to Interstate access and open layout make it ideal for a variety of retail or commercial ventures. Don't miss this chance to own a piece of Alabaster's vibrant commercial landscape.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1945
Total area 22,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

111 1St St Alabaster, AL 35007
Alabaster metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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