1560 Montgomery HwyBirmingham, AL 35216

Property Details for 1560 Montgomery Hwy

Year built

1979

Lot size

2.82 AC

Property size (Sq ft)

16,600 SF

Zone code

C2

Property type

Retail properties

Property subtype

Banks

APN

39-00-01-3-005-002.000

APU

3900013005002000

Description

This exceptional 1-acre property at 1560 Montgomery Hwy, Vestavia Hills, AL 35216 presents a rare redevelopment opportunity. Located on highly sought-after Highway 31, this site boasts exceptional visibility and accessibility, situated along one of Birmingham's busiest thoroughfares. The property's mixed-use zoning allows for a variety of development options, including industrial, office, retail, and special purpose uses. The asking price is $1,999,999. Its strategic location offers significant advantages, including high traffic counts and convenient access to major interstates I-459 and I-65, ensuring excellent connectivity for any future development. The property also features the potential for exterior pole signage, maximizing marketing opportunities. This is an unparalleled chance to capitalize on a prime location in a thriving Birmingham market. The property is classified as flex space, offering versatility for diverse business needs. This is a unique opportunity to acquire a highly visible and strategically located property in a rapidly growing area. Don't miss this chance to secure a valuable asset with significant future potential. The property is zoned for mixed-use development, providing flexibility for a wide range of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $5,161,130

  6.5%

  $4,764,120

  7%

  $4,423,825

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,814,014

  Geo Method

  $8,159,750

• Alternative Use

  Use

  Valuation

  Residential

  $4,018,713

  Hospitality

  $3,681,120

  Educational

  $3,062,648

  Medical

  $3,167,978

  Retail

  $4,764,120

Location Insight

City

Hoover

County

Jefferson

State

Alabama

Latitude

33.4067

Longitude

-86.8073

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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