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Formerly Snellgrove Building 546 Broad St 12,000 SF 100% Leased Retail Building Gadsden, AL 35901 $999,000 ($83.25/SF)
Investment Highlights
- Beautifully renovated historic 12,000sqft building
- Ideal for private offices, coworking offices, retail
- Signalized, corner intersection
Executive Summary
Located in the heart of downtown Gadsden, this historic 1925 commercial building offers approximately 11,814 SF, two stories, multiple office/retail suites, 7 bathrooms, 2 conference rooms, and second-floor office/storage potential. The property is listed at $999,000 and is positioned within walking distance of downtown restaurants, shopping, entertainment, and the Broad Street business district.
Gadsden is gaining renewed momentum, with major public and private investment underway, including the city’s long-range GROW Gadsden revitalization plan, a nearly $3 million downtown greenway grant, planned riverfront redevelopment, and a major $430 million Minth Group automotive supplier project expected to create 1,300+ jobs.
This property is ideal for an investor, owner-user, professional office group, boutique retail concept, co-working conversion, or mixed commercial use.
Gadsden is gaining renewed momentum, with major public and private investment underway, including the city’s long-range GROW Gadsden revitalization plan, a nearly $3 million downtown greenway grant, planned riverfront redevelopment, and a major $430 million Minth Group automotive supplier project expected to create 1,300+ jobs.
This property is ideal for an investor, owner-user, professional office group, boutique retail concept, co-working conversion, or mixed commercial use.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$48,372
|
$4.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$48,372
|
$4.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$20,775
|
$1.73
|
| Net Operating Income |
$27,597
|
$2.30
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $48,372 |
| Annual Per SF | $4.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $48,372 |
| Annual Per SF | $4.03 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $20,775 |
| Annual Per SF | $1.73 |
| Net Operating Income | |
|---|---|
| Annual | $27,597 |
| Annual Per SF | $2.30 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
1925
Price
$999,000
Price Per SF
$83.25
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
14’
Building FAR
1.97
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
B2
Parking
8 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- American Wealth Management
- Finance and Insurance
- -
- -
- -
- Jireh's Boutique Gifts & Herbs
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| American Wealth Management | Finance and Insurance | - | - | - | ||
| Jireh's Boutique Gifts & Herbs | Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-02-04-4-000-174.000 | Improvements Assessment | $81,440 |
| Land Assessment | $5,820 | Total Assessment | $87,260 |
Property Taxes
Parcel Number
15-02-04-4-000-174.000
Land Assessment
$5,820
Improvements Assessment
$81,440
Total Assessment
$87,260
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