534 Walnut StGadsden, AL 35901

Property Details for 534 Walnut St

Year built

1912

Construction

BRICK

Lot size

0.21 AC

Property size (Sq ft)

7,502 SF

Property type

Retail space

APN

15-02-04-4-000-203.000

APU

1502044000203000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,832,990

  6.5%

  $1,691,990

  7%

  $1,571,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,270,880

  Geo Method

  $1,521,870

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,319,000

  Mixed-Use / Specialty

  $1,678,100

  Hospitality / Lodging

  $1,220,930

  Office

  $1,659,940

  Institutional / Educational

  $1,741,730

  Residential Income

  $2,037,830

  Multifamily

  $2,487,650

  Automotive / Energy

  $1,492,920

  Parking / Income-Based Land

  $522,954

  Restaurant / Food Service

  $856,012

  Healthcare / Senior Housing

  $1,728,920

Location Insight

City

Gadsden

County

Etowah

State

Alabama

Latitude

34.0111

Longitude

-86.008

CBSA code

23460

CBSA name

GADSDEN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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