301 N Montgomery Ave Sheffield, AL 35660
For Sale
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This stunning 4,863 square foot commercial building, located at 301 Montgomery Ave in Sheffield, Alabama, presents a unique investment opportunity. Originally constructed in 1916, this property boasts a rich history, having previously served as a bank. Currently undergoing renovations, the building is being sold "as is," offering a blank canvas for a discerning buyer. The planned renovations included the creation of apartments on the upper level, a full-service restaurant on the main floor, and a gift shop. While unfinished, the building retains many of its original, charming features, creating a captivating blend of historical character and modern potential. The property sits on a 0-acre lot and is priced at $805,000. Its prime location in Sheffield offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The substantial square footage provides ample space for creative development and adaptation to suit a wide range of business needs. This is a rare chance to acquire a piece of Sheffield's history and transform it into a thriving commercial enterprise. Serious inquiries are encouraged to explore the possibilities of this exceptional property. The building's unique architectural details and historical significance present a compelling opportunity for a developer or investor seeking a high-impact project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.