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Property profile & analytics
FOR SALE
Retail space

534 Walnut St Gadsden, AL 35901

7,502 SF 0.21 ac lot Built 1912
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US03-2204457
Property summary
AI-generated overview

This exceptional, fully renovated brick building at 534 Walnut Street in the heart of Gadsden, Alabama, presents a unique investment opportunity. Boasting a total of 7500 square feet across two floors, this property offers unparalleled versatility. The ground floor encompasses three large rooms, four to five smaller offices, a full kitchen, and two bathrooms, making it perfectly suited for a variety of uses, including retail, office space, or a collaborative workspace. The layout is designed for efficiency and flexibility, with three convenient entrances/exits for ease of access and potential multi-tenant occupancy. Upstairs, a completely renovated 3750 square feet mirrors the downstairs layout's versatility. The expansive open space, complemented by exposed brick and modern finishes, creates an ideal setting for events, photography studios, or a contemporary office environment. Situated on a 0.21-acre lot, this property benefits from its prime location in a bustling downtown area, ensuring high visibility and foot traffic. The blend of historic character and modern amenities makes this a truly remarkable property, ready for immediate occupancy and poised for significant return on investment. The asking price is $850,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1912
Construction BRICK
Total area 7,502 SF
Lot 0.21 ac (9,120 SF)
APN 15-02-04-4-000-203.000
UPID US03-2204457
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
  • The DSDW Gadsden 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
John Vigee · 5 yrs held
John Vigee
since 2021
Last sale
$175,000
3 recorded transactions
2021
$175,000
2019
$215,000
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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