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Property profile & analytics
FOR SALE
Retail space

310 N Montgomery Ave Sheffield, AL 35660

6,672 SF 0.14 ac lot Built 2015
Entity Owned 7-yr Hold Free & Clear
Property ID
US03-2189258
Property summary
AI-generated overview

This exceptional commercial property in Sheffield, Alabama, presents a unique investment opportunity encompassing two buildings, each housing an established business. The property boasts a total of 12,000 square feet of space, offering significant potential for expansion. The two buildings are complemented by four attractive, fully occupied two-bedroom, two-bathroom apartments, currently operating with a waiting list. This indicates strong rental income potential and a stable tenant base. The existing businesses within the buildings are well-established and contribute to the property's overall profitability. The property's unique architectural details add to its charm and appeal. The ample working space within both buildings provides flexibility for various business uses and future growth. The combination of established businesses, high-demand rental units, and substantial space makes this a rare find in the Sheffield market. This property is ideal for an investor seeking a diversified portfolio with immediate cash flow and significant long-term growth potential. The property is situated at 310 Montgomery Avenue in Sheffield, Alabama. Serious inquiries are encouraged to schedule a viewing and explore this remarkable investment opportunity. The asking price is $1,075,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2015
Construction WOOD
Total area 6,672 SF
Lot 0.14 ac (6,098 SF)
APN 07-08-28-3-011-008.000
UPID US03-2189258
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
  • Salon 310 Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$778k
Blend (final) Blend
$780k
Owner & transaction history
Briley Properties LLC · 7 yrs held
Briley Properties LLC
since 2019
3 recorded transactions
2019
$177,640
2014
$50,000
2014
Price N/A
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
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