2172 Pelham PkwyPelham, AL 35124

This Pelham, Alabama office building presents a compelling investment opportunity. Located at 2172 Pelham Parkway (Hwy 31 S), this property boasts 8,680 total square feet, with 7,900 square feet of net rentable space across a two-story building. Currently 50% occupied with six tenants, the building offers significant potential for increased revenue. The property features 25 parking spaces and sits on a 21,160 square foot lot, zoned B-2 (General Business). Built in 1960 and 1987 with renovations in 2009, the building is classified as Class D. The asking price is $998,000, translating to approximately $114.98 per square foot based on total square footage. This high-traffic location on Highway 31, across from a Walmart Supercenter, sees 33,990 cars daily. The property benefits from easy I-65 access and high visibility due to its location on a four-lane divided highway with a median cut and a service road with a traffic signal. Adjacent acreage is also available, zoned B-2. The property is currently owned by the Frances Jackson Walker Living Trust and is being sold as an owner/user opportunity. The sale is subject to a 50% occupancy rate until October 18, 2024. This property is ideal for office warehouse or service expansion needs.