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Property profile & analytics
OFF-MARKET
Office Spaces

1823 3rd N Ave Bessemer, AL 35020-4963

2,500 SF 0.08 ac lot Built 1900
Entity Owned 2-yr Hold Free & Clear
Property ID
US03-0915025
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1900
Total area 2,500 SF
Lot 0.08 ac (3,500 SF)
Zoning code C2
APN 38-00-09-1-011-005.002
UPID US03-0915025
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
  • Hunter Law Firm PC Law Firm
  • Ingram Bail Bonds Law Firm
  • Law Offices of Johnathan L. Williams, LLC Law Firm
  • Reed Law Firm, P.C. Law Firm
  • Alabama Lawyers Association Law Firm
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
Bessemer Legal Offices LLC · 2 yrs held
Bessemer Legal Offices LLC
since 2023
Last sale
$9,500
5 recorded transactions
2023
$14,562
2022
$1,750
2016
$9,500
2005
$77,500
1969
Price N/A
Zoning & alternative use
C2 · Bessemer, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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