2328 4Th StTuscaloosa, AL 35401

Property Details for 2328 4Th St

Year built

1945

Property size (Sq ft)

21,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional four-story, 21,000 square foot mixed-use building in Tuscaloosa, Alabama's central business district, presents a rare investment opportunity. Originally constructed in 1945 and meticulously renovated in 2013, the property boasts a 6.30% cap rate and is currently 95% occupied. The lower two floors offer street-level access to a thriving bar/event space and a well-established steakhouse. The top floor comprises ten executive office suites, currently 50% occupied, each with elevator access. Significant upgrades include a new single-ply EPDM roof (2013) with a 20-year warranty, and a new HVAC system (2013) for the lower three floors, supplemented by mini-splits on the fourth floor. Located at 2328 4th St, Tuscaloosa, AL 35401, this historic building offers a blend of established income streams and potential for future growth, making it an attractive investment in a vibrant downtown location. The asking price is $5,495,000, translating to $261.67 per square foot. This is a prime opportunity to acquire a high-performing asset in a desirable market. Don't miss this chance to own a piece of Tuscaloosa's history and future.

Location Insight

City

Tuscaloosa

County

Tuscaloosa

State

Alabama

Latitude

33.1691

Longitude

-87.6384

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