0 Washington St Marion, AL 36756
This exceptional investment opportunity presents a vacant, 20,000-square-foot storefront located at 315 Washington Street in Marion, Alabama. The property, built in 1923, boasts a prominent main street location in the heart of downtown Marion. This two-story building sits on a 0.35-acre lot and is zoned C2, offering considerable flexibility for a variety of commercial uses. Currently vacant, this Net Lease property presents a unique chance for adaptive reuse or redevelopment. The substantial size and classic architectural details provide a strong foundation for a successful venture. The asking price is $978,900, and the property is available for a 1031 exchange. The property features a total of five potential tenant spaces. Its historical significance and central location within a community rich in Southern heritage make this a truly rare opportunity. The property's Parcel Number (APN) is 13-01-12-4-401-019.0010. Note that the tenant has no credit rating. This is a Class C property.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.