Log In/Sign Up
Your email has been sent.
Value-Add Historic Downtown Office Tower 931 Noble St 52,558 SF Vacant Office Building Online Auction Sale Anniston, AL 36201
INVESTMENT HIGHLIGHTS
- Historic Watermark Tower offers 52,558 square feet of versatile office space in shell and finished condition at the heart of Downtown Anniston.
- Prime corner location at Noble Street and E 10th Street ensures high visibility and strong accessibility for tenants and visitors.
- Flexible floor plates allow for efficient single-tenant or multi-tenant configurations to maximize occupancy and income.
- Delivered fully vacant, Watermark Tower provides an immediate lease or occupancy upside for a new owner.
- Significant capital improvements in recent years include a new sprinkler system, a modern AC unit, and renovated basement and lower levels.
- Proximity to major transit routes, Amtrak, and the regional medical center fuels tenant demand and long-term area growth.
EXECUTIVE SUMMARY
Bang Realty is pleased to present 931 Noble Street, the Watermark Tower, a stunning 1920s office asset with an incredible downtown location in Anniston, Alabama.
Constructed in 1927, 931 Noble Street is a historic landmark in the center of town, positioned on the hard corner of Noble Street and E 10th Street, a primary thoroughfare for Anniston. This 10-story office asset totals 52,558 square feet on a 0.21-acre lot with Central Business District zoning. The Watermark Tower's first two levels and basement have been renovated, and there is immense upside found in the upper eight levels. The building features a new sprinkler system, two elevators, and two stairways that are on the historical register.
The property will be delivered vacant, offering an immediate lease or occupancy upside to the new owner. Verizon has a lease for a roof tower, valid through 2027, which provides in-place income. This asset is a prime opportunity for an investor to take over a well-maintained office building and see success through a strategic lease-up plan.
The building offers large floor plates that can accommodate a single tenant or can be divided for multi-tenant operations. Ownership has utilized sizable capital expenditures into the property in recent years, including a new $60,000 air-conditioning system and improvements in a variety of areas throughout the building. The property is conveniently located adjacent to a freestanding Regions Bank, drawing in strong foot traffic.
The Watermark Tower is located in a historic area with many restaurants and shops. The asset is highly accessible as it sits less than 10 minutes from Route 431 and Interstate 20, and the Anniston Amtrak station is just 3 minutes away. A huge demand driver for the downtown Anniston area is the Northeast Alabama Regional Medical Center, the largest nonprofit healthcare provider in Northeast Alabama, which sits just a few blocks away.
The 10-mile radius currently boasts a population north of 82,400, with future growth projected in the area. The 10-mile population has over 32,300 service-producing industry employees, allowing businesses to choose from top talent in the area.
Don't miss out on a rare opportunity to acquire a historic office asset in downtown Anniston, Alabama, with a strong location and immense upside.
Property tours are by appointment only. Please contact the listing broker to schedule.
Constructed in 1927, 931 Noble Street is a historic landmark in the center of town, positioned on the hard corner of Noble Street and E 10th Street, a primary thoroughfare for Anniston. This 10-story office asset totals 52,558 square feet on a 0.21-acre lot with Central Business District zoning. The Watermark Tower's first two levels and basement have been renovated, and there is immense upside found in the upper eight levels. The building features a new sprinkler system, two elevators, and two stairways that are on the historical register.
The property will be delivered vacant, offering an immediate lease or occupancy upside to the new owner. Verizon has a lease for a roof tower, valid through 2027, which provides in-place income. This asset is a prime opportunity for an investor to take over a well-maintained office building and see success through a strategic lease-up plan.
The building offers large floor plates that can accommodate a single tenant or can be divided for multi-tenant operations. Ownership has utilized sizable capital expenditures into the property in recent years, including a new $60,000 air-conditioning system and improvements in a variety of areas throughout the building. The property is conveniently located adjacent to a freestanding Regions Bank, drawing in strong foot traffic.
The Watermark Tower is located in a historic area with many restaurants and shops. The asset is highly accessible as it sits less than 10 minutes from Route 431 and Interstate 20, and the Anniston Amtrak station is just 3 minutes away. A huge demand driver for the downtown Anniston area is the Northeast Alabama Regional Medical Center, the largest nonprofit healthcare provider in Northeast Alabama, which sits just a few blocks away.
The 10-mile radius currently boasts a population north of 82,400, with future growth projected in the area. The 10-mile population has over 32,300 service-producing industry employees, allowing businesses to choose from top talent in the area.
Don't miss out on a rare opportunity to acquire a historic office asset in downtown Anniston, Alabama, with a strong location and immense upside.
Property tours are by appointment only. Please contact the listing broker to schedule.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
52,558 SF
Building Class
C
Year Built
1927
Percent Leased
Vacant
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
4,625 SF
Slab To Slab
10’
Building FAR
6.35
Lot Size
0.19 AC
Opportunity Zone
Yes
Parcel Number
21-03-08-2-001-044.000
Zoning
CBD - Commercial Business District
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
5,936
24,756
46,786
2020 Population
5,028
22,920
46,177
2029 Population
6,057
24,884
46,472
2024-2029 Projected Population Growth
2.0%
0.5%
-0.7%
Daytime Employees
9,499
17,832
30,940
Total Businesses
1,163
2,052
3,383
Average Household Income
$42,342
$50,389
$57,043
Median Household Income
$25,801
$32,447
$40,107
Total Consumer Spending
$48.3M
$234.1M
$481.1M
Median Age
42.9
42.4
42.1
2024 Households
2,438
10,459
19,526
Percent College Degree or Above
5%
7%
9%
Average Home Value
$135,510
$132,806
$150,804
SALE ADVISORS
SALE ADVISORS
Brian Brockman,
President
Brian is one of a handful of real estate brokers and auctioneers who is licensed in all 50 states and the District of Columbia. Brian has over 15 years in asset management experience and has sold properties for investors, developers, and many local, national, and international financial institutions. Over the last 10 years, Brian has grown his two-person real estate sales team in Cincinnati, OH into a nationally recognized commercial brokerage. Brian is known for finding solutions and repositioning assets to maximize their value while mitigating risk for his clients. Brian has sold a former Fortune 100 corporate campus, hospital, golf course, car wash, churches, and abandoned apartment buildings that many other brokers refused or failed to market effectively. Brian also specializes in the analysis, acquisition, and sale of commercial real estate debt and single-family residential loan pools. Brian has a dual BSBA in Finance and Economics from Xavier University.
Ron Zucher, Real Estate Broker Plaza Real Estate Group
Initially, I came to New York from Israel at the young age of 8 with my family in the pursuit of capturing the "American Dream". immediately as a child I fell in love with the New York City, like so many of us I could not imagine a more magical and captivating city. In 2002 I decided to devote myself to the challenging and rewarding career of real estate. Ever since, I have proven myself to be a service driven, highly professional individual. To each of my client relationships, I bring a mellow, yet confident approach. My ability to create long lasting relationships with landlords, supers and property management's, along with my reliable track record of customer satisfaction, has enabled me to excel in real estate rapidly. Within a short amount of time I accomplished my status as Head Manager of Plaza Real Estate Group main office located in Midtown Manhattan. I believe all Manhattan neighborhoods are a great place to work hard and play hard. I currently live in a 2br/2ba Doorman Building in the Upper East Side neighborhood of NYC. I always try my best to balance my real estate career with my family, family values build my business structure. Alongside is my lovely wife Jennifer Seda Zucher, a fellow PREG broker that is an expert in sales. Living in the city, I came to love and appreciate all it has to offer in theater, music, sports just to name a few. I am always eager to share my knowledge and resources. Ron quote to his customers: “I will not rest a single day until you are fully satisfied and knowledgeable in all aspects of your real estate transaction
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
John Artozqui
Contact
Auctioneer License:
Ten-X, LLC Jessica Anne Figueroa RE Brkr 000107846-0 Ten-X, Inc. dba Ten-X Commercial, Inc. Auction Firm C315; Samantha Corbat Auctioneer A5662
1 of 21
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Presented by
Company Not Provided
Value-Add Historic Downtown Office Tower | 931 Noble St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Value-Add Historic Downtown Office Tower | 931 Noble St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.