2001 Park PlBirmingham, AL 35203

Property Details for 2001 Park Pl

Year built

1981

Construction

CONCRETE

Lot size

1.09 AC

Property size (Sq ft)

72,356 SF

Zone code

B4

Property type

Office properties

Property subtype

Other office properties

APN

22-00-36-2-022-001.000

APU

2200362022001000

Description

Located in the heart of Birmingham's legal and financial district, Renasant Place offers a diverse range of office spaces, perfect for businesses of all sizes. This Class A, 15-story building, totaling 284,189 square feet, underwent a complete renovation in 2022. The property boasts flexible space options, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 60,000 square feet, accommodating businesses with varying needs. Situated on a 1.09-acre lot at the southwest corner of Park Place North and 20th Street, it provides convenient access to major highways including I-20/59, I-65, and the Red Mountain Expressway. Its central location places it within walking distance of key city landmarks such as City Hall, the Jefferson County Courthouse, the Tutwiler Hotel, the Library, the Museum of Art, and Uptown. Building amenities include 24-hour security, on-site proactive management, tenant conference and training rooms, a virtual grab-n-go cantina, a tenant breakroom, on-site storage, a fitness facility, and a tenant recreation area with outdoor seating. With 343 parking spaces and elevators, this property offers unparalleled convenience and accessibility. The building is available for multiple tenancies. This exceptional location and comprehensive amenities make Renasant Place an ideal choice for businesses seeking a prestigious and functional office space in the vibrant city of Birmingham, Alabama. The building was originally constructed in 1981.

• CAP approach

  CAP return

  Valuation

  6%

  $15,303,609

  6.5%

  $14,126,409

  7%

  $13,117,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,786,067

  Geo Method

  $14,113,761

• Alternative Use

  Use

  Valuation

  Residential

  $17,516,746

  Hospitality

  $16,045,246

  Educational

  $13,349,456

  Medical

  $13,808,565

  Retail

  $20,765,820

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.5193

Longitude

-86.8098

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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