Property summary
This exceptional Gadsden, Alabama property, located at 415 Locust St (cross streets: North 4th Street), offers 40,000 square feet of retail and special purpose space across two buildings. Built in 1940 and renovated in 2010, this unique multi-tenant property features three suites, with a minimum divisible space of 6,842 square feet and a maximum contiguous space of 20,000 square feet. The zoning is B4 Design Review District (APN: 15-02-04-4-000-111.000). Ideal for a variety of uses, including brewpubs, antique shops, and other retail establishments, the property boasts an open event room with exposed brick, high ceilings, skylights, and barn-style doors leading to an industrial-style interior seating and bar area. Exterior features include a covered dock suitable for outdoor seating and events. Ample on-site parking is available. The landlord is offering tenant improvement allowances and potentially free rent for renovations. Situated in Gadsden's historic downtown district, this property offers easy access to restaurants and other local businesses. This prime location is approximately 56 miles northeast of Birmingham and 90 miles southwest of Chattanooga. This is a rare opportunity to acquire a historically significant property with significant potential for a creative and visionary tenant.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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