1933 Richard Arrington Jr BlvdBirmingham, AL 35209

Property Details for 1933 Richard Arrington Jr Blvd

Year built

1978

Construction

STEEL FRAME

Lot size

0.91 AC

Property size (Sq ft)

12,665 SF

Zone code

B2

Property type

Office properties

APN

28-00-07-2-004-001.000

APU

2800072004001000

Description

This exceptional 2,739-square-foot office space in Birmingham, Alabama, presents a unique opportunity for a single tenant. Located at 1933 Richard Arrington Jr Blvd S, zip code 35209, this ground-level Class C office building offers convenient access to downtown Birmingham and Homewood. The space boasts ample drive-up parking and multiple building entrances for easy accessibility. Previously occupied by a law firm, the layout includes a spacious open area ideal for a classroom or meeting space, complemented by two private offices and a break room. The property features abundant natural light thanks to windows throughout. The space is currently entirely vacant and ready for immediate occupancy. The building's total square footage is 2,739 square feet, previously configured as two suites of 1,595 and 1,265 square feet. The space is well-suited for a variety of professional uses, having previously been utilized for depositions. The lease rate is $14.00 per square foot, inclusive of utilities. This is a fantastic opportunity to secure a well-located, functional office space in a thriving Birmingham neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,678,703

  6.5%

  $2,472,649

  7%

  $2,296,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,063,002

  Geo Method

  $2,470,435

• Alternative Use

  Use

  Valuation

  Residential

  $3,066,084

  Hospitality

  $2,808,517

  Educational

  $2,336,653

  Medical

  $2,417,014

  Retail

  $3,634,794

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.4907

Longitude

-86.7934

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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