419 N Raleigh Ave - Specialty FOR SALE


Sheffield, AL 35660
$375,000 USD
256-527-4702
419 N Raleigh Ave, Sheffield, AL for Sale
$375,000 USD
Specialty - FOR SALE
1/39
null | Request Cap Rate

419 N Raleigh Ave
Sheffield, AL 35660


HIGHLIGHTS

  • Located in quaint downtown Sheffield in the Downtown Entertainment District. This building was built for socializing and entertainment!

OVERVIEW

This building was the VFW (Veteran's of Foreign Wars). It was designed and built to be a social club for veterans. A new Trane HVAC system was installed in 2023. The property appraised for $360,000.00 in OCT 2023 (See attached appraisal). Parking Spots: 37. 1st Floor: Foyer, small bar area, office area, storage closets, mechanical room, 2 auxiliary rooms, men's and women's bathrooms, and outdoor patio. 2nd Floor: Big room with stage and back bar, green room, kitchen, loading dock access, storage closets, men's and women's bathrooms. This building has so much potential. Surrounding area: Rocker Gallery (RockerGallery.net) - Owners: Alan Daigre and Traci Thomas. Located at 319 N. Raleigh Avenue (next building to South of VFW). Alan Daigre makes custom furniture and Traci Thomas is the manager for Jason Isbell, a Grammy Award winning artist. Funk Werkes (FunkWerkes.com) - Owner: Greg Pace. Located at 111 W. 5th Street (directly across street from VFW). Greg Pace used to do music recording, but now he just works on recording and mixing consoles and equipment. The NuttHouse Recording Studio (TheNuttHouse.com) - Owner: Jimmy Nutt. Located at 108 W. 4th Street (across the street from VFW). Jimmy Nutt has recorded for Grammy Award winning artists Jason Isbell and also The Steel Drivers, as well as many other artists. Noble Steed Studios (NobleSteedStudios.com) - Owner: Craig Alvin. Located at 109 W. 4th Street (across street and 1 block to South from VFW). Craig Alvin has recorded for Grammy Award winning artist Kasey Musgraves and many other artists. The Ritz Theatre (TheRitz.org) - Owner: Tennessee Valley Art Association. Located at 111 W. 3rd Street (across street and 2 blocks to the South from VFW).

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$23 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Lodge/Meeting Hall

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

B-3 Central Business

APN/PARCEL ID

07-08-28-3-005-011.000

ASK ABOUT THIS PROPERTY

Joe JeffersonJefferson Real EstateMore Info
256-527-4702

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Joe JeffersonJefferson Real EstateMore Info
256-527-4702

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