309 N Montgomery Ave Sheffield, AL 35660
For Sale
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This exceptional 18,000 square foot commercial building located at 309 Montgomery Ave, Sheffield, AL, presents a unique investment opportunity. Currently operating as a hardware store, the sale includes only the building itself. A complete remodel was undertaken in 2014, significantly enhancing its value and functionality. The property boasts substantial income-generating potential from its residential units. Specifically, the upper level comprises two two-bedroom, two-bathroom apartments and two one-bedroom, one-bathroom apartments, all currently occupied and with a waiting list. This consistent rental income stream provides a strong foundation for future investment returns. The main level features attractive hardwood floors, offering a versatile space adaptable to a variety of commercial uses. The building's size and location in Sheffield, AL, offer significant business potential, making it an ideal acquisition for investors seeking a blend of commercial and residential income. The property sits on a zero-acre lot, focusing the investment solely on the building itself. The asking price is $1,075,000. This is a rare opportunity to acquire a substantial, remodeled commercial property with proven rental income.
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Sheffield Hardware Building Supply Hardware & Home Improvement
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.