2328 4Th St Tuscaloosa, AL 35401
- Retail properties
- 21,000 SF
Current Use by Public Records
- Charlotte Christian Law / Family Law Attorney / Divorce Lawyer
- 1-800 Office Solutions / Office Equipment Repair Service / Photocopiers Supplier
- Hankins Insurance Group / Insurance Agency
- Informed Counseling LLC / Mental Health Service
Property Details for 2328 4Th St
- Year built
- 1945
- Property size
- 21,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional four-story, 21,000 square foot mixed-use building in Tuscaloosa, Alabama's central business district, presents a rare investment opportunity. Originally constructed in 1945 and meticulously renovated in 2013, the property boasts a 6.30% cap rate and is currently 95% occupied. The lower two floors offer street-level access to a thriving bar/event space and a well-established steakhouse. The top floor comprises ten executive office suites, currently 50% occupied, each with elevator access. Significant upgrades include a new single-ply EPDM roof (2013) with a 20-year warranty, and a new HVAC system (2013) for the lower three floors, supplemented by mini-splits on the fourth floor. Located at 2328 4th St, Tuscaloosa, AL 35401, this historic building offers a blend of established income streams and potential for future growth, making it an attractive investment in a vibrant downtown location. The asking price is $5,495,000, translating to $261.67 per square foot. This is a prime opportunity to acquire a high-performing asset in a desirable market. Don't miss this chance to own a piece of Tuscaloosa's history and future.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tuscaloosa
- County
- Tuscaloosa
- State
- Alabama
- Longitude
- -87.6384
- Latitude
- 33.1691
