8433 1St Ave Southeast Leeds, AL 35094
This exceptional commercial property, located at 8433 1st Ave SE in Leeds, Alabama (zip code 35094), presents a unique investment opportunity. The 7,050 square foot building, formerly a bank, sits on a 0.79-acre lot and boasts a prominent location in downtown Leeds. Built in 1971 with various renovations throughout its history, the single-story structure is zoned B-2, offering considerable flexibility for redevelopment or repurposing. The property includes four curb cuts, 38 parking spaces, and four drive-thru lanes, making it ideal for a variety of commercial uses. An additional 1,446 square feet of upstairs storage is available, though not included in the 7,050 square foot total. The asking price is $799,000, translating to $113.33 per square foot. The property is currently vacant, providing immediate occupancy for the new owner. Its strategic location, just 2.1 miles from I-20, offers excellent accessibility. Furthermore, the average household income within a five-mile radius is $86,138, indicating a strong potential customer base. The Jefferson County property features APN 25-00-21-1-036-003.000. This is a rare opportunity to acquire a substantial commercial property in a thriving Alabama community.
-
Cadence Bank Bank Loan Service
-
ATM (Bancorp South) Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Leeds, ALLeeds. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.