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    OFF-MARKET
    Office Spaces

    502 Bank St, Decatur, AL 35601

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Studio on Bank Art Studio
    • Small Business Lender - Decatur, AL Business Administration Service
    • David Higginbotham Photography Photography Service (Bike/Boat/Book/etc) Store
    • Austin Pike Photography (Bike/Boat/Book/etc) Store Photography Service
    • The Mulberry Studio, LLC Architectural Designer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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