For Sale
$1,800,000

215 Narrows Pkwy Birmingham, AL 35242

9,000 SF Class A Office, $1.8M

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 9,000-square-foot Class A office building, constructed in 2017, sits on a 0.88-acre lot in Birmingham, Alabama's desirable Shelby County (zip code 35242). The single-story building features three 3,000-square-foot suites, currently occupied by State Farm, Ridge Crest Homes, and Simplified Behavioral Health. One suite is immediately available, presenting a unique owner-user opportunity to occupy a portion of the building while leveraging rental income from the remaining suites. The current monthly rental income is $9,500, with taxes and insurance totaling approximately $1,550 per month. Tenants are responsible for their own utilities and expenses. The property boasts impressive curb appeal, abundant parking, and convenient access to US Highway 280, Greystone, and Highland Lakes, within the rapidly growing 280 area. The asking price is $1,800,000, representing a significant value below replacement cost and offering substantial upside potential for an owner-occupant or investor. The property is zoned for commercial use and is offered fee simple. This is a rare opportunity to acquire a high-quality building in a prime location with immediate occupancy potential and strong rental income. Current rent is below market, offering significant potential for increased revenue.

Highlights

  • Exceptional high-quality building in prime location.
  • Immediate occupancy of one suite with expansion potential or continued leasing to tenants.
  • Offered below replacement cost.

Property Details for 215 Narrows Pkwy

Property type
Office properties
Square Feet
9,000 SF
Class
A
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
38,333 SF
Units
3

Location Insight

City
Birmingham
County
Shelby
State
Alabama
Latitude
33.3686525
Longitude
-86.6645546

FAQs

What type of property is this?
Office property - 9,000 SF Class A Office, $1.8M
Where is the office property located?
The property is located at 215 Narrows Pkwy Birmingham, AL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Exceptional high-quality building in prime location.; Immediate occupancy of one suite with expansion potential or continued leasing to tenants.; Offered below replacement cost.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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215 Narrows Pkwy
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