You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Retail space

309 N Montgomery Ave Sheffield, AL 35660

11,956 SF Built 1920
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US03-2302548
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 11,956 SF
APN 07-08-28-3-010-041.000
UPID US03-2302548
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
  • Sheffield Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Briley Properties LLC · 11 yrs held
Briley Properties LLC
since 2015
2 recorded transactions
2015
$97,500
2014
$100,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message