1823 3rd N Ave Bessemer, AL 35020-4963
This exceptional 2,500 square foot office building presents a compelling investment opportunity in the heart of Bessemer, Alabama. Located on the same block as the courthouse, this property enjoys an unparalleled location for legal professionals, ensuring consistent demand. The building has recently undergone a complete rehabilitation, boasting a brand-new HVAC system, fresh paint throughout, updated floor coverings, and a new roof. This ensures low maintenance costs and immediate occupancy for tenants. The current configuration allows for individual room rentals, providing flexibility and maximizing rental income potential. The 0.08-acre lot offers ample space for parking or future expansion. The asking price of $276,000 represents a strong return on investment given the prime location, recent renovations, and the consistently high demand for office space near the courthouse. This property is ideal for investors seeking a stable, income-generating asset in a thriving downtown area. The building's strategic location and recent upgrades make it a truly exceptional opportunity in the Bessemer commercial real estate market. Don't miss this chance to acquire a high-value property with significant long-term potential.
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Hunter Law Firm PC Law Firm
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Ingram Bail Bonds Law Firm
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Law Offices of Johnathan L. Williams, LLC Law Firm
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Reed Law Firm, P.C. Law Firm
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Alabama Lawyers Association Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Bessemer, ALBessemer. Always verify with local authorities before improvements.
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.