Property profile

502 Bank St Decatur, AL 35601

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

This unique 338-square-foot office space, situated in a historic building constructed in 1914, presents a compelling opportunity for a single tenant. Located on Bank Street NE in the heart of the historic downtown area, above Tammy Eddy Interiors, this property offers a versatile open floor plan adaptable to various business needs. The building, a two-story structure, provides convenient access via a side entrance and benefits from ample parking available on nearby Cherry Street. Its B-5 zoning ensures compatibility with a range of commercial uses, and its proximity to the Morgan County Courthouse offers exceptional convenience. The space is ideal for businesses seeking a blend of historic charm and modern functionality. A non-refundable key deposit of $100 is required. This property combines the character of a 1914 building with the practicality of a modern office space, making it an attractive option for businesses seeking a unique and well-located presence in the downtown area. The open layout allows for flexible configuration to suit individual business requirements. The convenient side entrance and ample parking add to the overall appeal and practicality of this exceptional downtown office space.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Art Studio
  • Business Administration Service
  • Photography Service (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Photography Service
  • Architectural Designer

Location

502 Bank St Decatur, AL 35601
Decatur metro
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Value estimations

Realmo proprietary · 4 methods
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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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