Technical
Financial
Distress signals
Property profile

415 Locust St Gadsden, AL 35901

FOR LEASE
Warehouses
Property ID
US03-2345527
0.14 ac lot Built 1920
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot 0.14 ac (6,250 SF)
APN 15-02-04-4-000-111.000
UPID US03-2345527

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

415 Locust St Gadsden, AL 35901
Gadsden metro Census 1200 GADSDEN, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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