1901 Highway 78 E - Office FOR SALE


Jasper, AL 35501
$2,015,000 USD
205-908-1661
1901 Highway 78 E, Jasper, AL for Sale
$2,015,000 USD
Office - FOR SALE
1/5
null | 9.59% Cap Rate

1901 Highway 78 E
Jasper, AL 35501


HIGHLIGHTS

  • 2026 Cap Rate – 10.33% - Rent increases from $225,000 to $240,000 in March of 2026.
  • Nearly 50 Years of Continuous Tenancy – Walker County Health Department has operated at this location since 1977.
  • Premiere location - ideally situated at the intersection of 20th Ave East and Hwy 78 which sees over 25,000 Vehicles per day.
  • Sticky Tenancy – No other building in Jasper offers the size or infrastructure necessary for the Health Department.
  • Government-Backed Income – Dependable rental payments supported by the State of Alabama and local government credit.

OVERVIEW

The Walker County Department of Human Resources has occupied this 30,000-square-foot building in Jasper, Alabama since 1978, establishing nearly five decades of continuous government tenancy. While the current lease technically contains a termination clause, the agency’s reliance on the facility, combined with the lack of comparable alternatives in Jasper, makes early termination highly unlikely. The result is a stable, government-backed income stream in a desirable location with frontage on Highway 78. Jasper serves as the county seat and anchors the Jasper Micropolitan Statistical Area, which encompasses all of Walker County. It is also part of the broader Birmingham–Cullman–Talladega Combined Statistical Area. The property benefits from outstanding visibility and accessibility along Highway 78 and sits in close proximity to Walker Baptist Medical Center, Walmart, and numerous national retailers. This strategic positioning enhances demand for civic, institutional, and administrative uses, further strengthening the investment profile. The building itself provides excellent functionality with its 30,000-square-foot footprint, ample surface parking, and infrastructure designed to support administrative operations. These features not only ensure the Department of Human Resources’ ongoing use but also create long-term flexibility for potential conversion to other government, educational, or institutional tenants should the property ever be repositioned.

FOR SALE DETAILS

PRICE

$2,015,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

9.59%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,473 SF

ZONING

OT

APN/PARCEL ID

17-02-10-1-104-002-0010

ASK ABOUT THIS PROPERTY

Chapman BrownMarcus & Millichap Real Estate Investment ServicesMore Info
205-908-1661

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Chapman BrownMarcus & Millichap Real Estate Investment ServicesMore Info
205-908-1661

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.