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Ideal Space for Retail or Office 415 Locust st 6,842 SF of Flex Space Available in Gadsden, AL 35901
HIGHLIGHTS
- Beautiful exposed brick walls
- Skylights and Barn style doors
- Ample Parking
- Tall Ceilings
- Exterior offers a covered dock
- Easy access to major highways
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,842 SF | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $114,611 CAD/YR $9,551 CAD/MO | Full Service |
1st Floor
6,842 square feet of retail space available
- Rate includes utilities, building services and property expenses
- Includes 1,000 SF of dedicated office space
- Full Service Gross Lease
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 6,842 SF | Year Built/Renovated | 1920/2010 |
| Property Type | Retail | Parking Ratio | 0.25/1,000 SF |
| Gross Leasable Area | 6,842 SF |
| Total Space Available | 6,842 SF |
| Property Type | Retail |
| Gross Leasable Area | 6,842 SF |
| Year Built/Renovated | 1920/2010 |
| Parking Ratio | 0.25/1,000 SF |
ABOUT THE PROPERTY
Time Square at Locust Street, located at 401 Locust Street, Gadsden, Alabama is a multi-tenant Retail/Office building, that has some unique spaces suitable for a Brewpub and/or Micro-Distillery (zoning of B-4). Offering an open event room with beautiful, exposed brick walls, tall ceilings, skylights, barn-type entry doors that lead to an industrial area for inside seating, bar area, with space for gaming and socializing. The exterior offers a covered dock for tables, stage, gaming, etc. Location is a diamond in the rough for a user with a vision and business model that can utilize this unique space. Plenty of onsite parking. Landlord is offering some tenant improvement along with free rent for renovations that are needed or other creative ideas. Time Square at Locust Street is nestled in the Gadsden Downtown Historic District and is zoned B4 (Design Review District), with an easy walk to restaurants and local retail. Rich in history, the building was built circa 1940 and previously was the home to The Gadsden Times. Gadsden is a city in and the county seat of Etowah County, Alabama. It is located on the Coosa River about 56 miles northeast of Birmingham and 90 miles southwest of Chattanooga TN.
NEARBY MAJOR RETAILERS
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Ideal Space for Retail or Office | 415 Locust st
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