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1931 6th N Ave Bessemer, AL 35020-4812

OFF-MARKET Investment properties Google Maps
3,335 SF 0.11 ac lot Built 1955
Individually Owned 4-yr Hold Free & Clear
Estimated value (blended)
$75k
Range $68k – $83k (±10%)
Property ID US03-0750842

Property summary

AI-generated overview

This exceptional 0.12-acre commercial property located at 1931 6TH AVENUE N, Bessemer, AL, presents a unique investment opportunity. Priced at $490,000, the building offers significant versatility, currently operating as a beauty salon but readily adaptable to a wide range of uses. Imagine transforming this space into your ideal business venture – whether it's a daycare, office building, or another retail establishment, the possibilities are endless. Recent improvements include a brand-new roof and fresh paint, enhancing both the aesthetic appeal and structural integrity. Furthermore, some electrical wiring has been updated, ensuring modern functionality. The interior comprises seven private office suites, each offering a dedicated workspace. High-quality tile flooring adds to the overall professional ambiance. The current owner is also offering the existing salon equipment for sale separately, providing a potential turnkey solution for a beauty-related business. This property's prime location in Bessemer, coupled with its recent renovations and adaptable layout, makes it an attractive proposition for discerning investors and entrepreneurs seeking a profitable venture. Don't miss this chance to acquire a versatile and well-maintained commercial space with immense potential.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1955
Total area 3,335 SF
Lot 0.11 ac (5,000 SF)
Zoning code C3
APN 38-00-09-1-006-003.000
UPID US03-0750842

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility
  • Hair Salon Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2021
Last sale
$54,300
2 recorded transactions
2021
$54,300
2008
$85,000

Zoning & alternative use

C3 · Bessemer, AL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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