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Investment Highlights

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

Executive Summary

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).

Property Facts

Price $375,000
Price Per SF $23.44
Sale Type Investment
Property Type
Specialty
  • Specialty Lodge Meeting Hall
Building Class C
Lot Size 0.86 AC
Building Size 16,000 SF
No. Stories 2
Year Built 1955
Parking Ratio 2.31/1,000 SF
Opportunity Zone Yes
Zoning B-3 Central Business - B-3: Offering goods, specialty stores, business services, banks, restaurants, entertainment places, offices, theatres, hotels, studios, & multifamily.

Amenities

  • Air Conditioning
Fairly walkable
50/100
Moderately drivable
60/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
07-08-28-3-005-011.000
Land Assessment
$2,520
Improvements Assessment
$105,380
Total Assessment
$107,900
  • Listing ID: 40757041

  • Date on Market: 6/2/2026

  • Last Updated:

  • Address: 419 N Raleigh Ave, Sheffield, AL 35660

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