350 State Farm PkwyHomewood, AL 35209

Property Details for 350 State Farm Pkwy

Year built

2000

Lot size

1.31 AC

Property size (Sq ft)

9,054 SF

Zone code

PMUD

Property type

Investment properties

Property subtype

Live-work space

APN

29-00-26-2-000-022.000

APU

2900262000022000

Description

This exceptional retail opportunity in Homewood, Alabama, offers up to 3,900 square feet of versatile space in a 7,976 square foot building with three suites total. The property is ideally situated in a high-traffic retail corridor along State Farm Parkway and Lakeshore Parkway, benefiting from excellent visibility and accessibility. This end-cap space is shadow-anchored by a Lowe's and enjoys proximity to four hotels: Country Inn & Suites (62 rooms), Hilton Garden Inn (95 rooms), Suburban Studios (127 rooms), and Four Points by Sheraton (108 rooms), ensuring a steady flow of potential customers. The location boasts a strong concentration of national retailers, including AllSouth Appliance, Walmart, Sam's Wholesale Club, Planet Fitness, Hobby Lobby, and PNC Bank, creating a vibrant and attractive retail environment. Two spaces are available, ranging from 1,950 to 3,900 square feet, offering flexibility for various business needs. The property is located at 350 State Farm Parkway, Homewood, AL 35209, in Jefferson County. This prime location offers exceptional potential for businesses seeking high visibility and strong customer traffic in a thriving retail market. The property is categorized as Retail, End Cap, Office, and Service, providing diverse usage possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,194,030

  6.5%

  $2,025,260

  7%

  $1,880,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,504,300

  Geo Method

  $1,801,390

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,005,630

  Retail / Commercial

  $2,042,030

  Hospitality / Lodging

  $1,473,510

  Office

  $2,003,340

  Institutional / Educational

  $2,102,060

  Residential Income

  $2,459,410

  Multifamily

  $3,002,290

  Automotive / Energy

  $1,801,770

  Parking / Income-Based Land

  $631,142

  Restaurant / Food Service

  $1,033,100

  Healthcare / Senior Housing

  $2,086,590

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.4461

Longitude

-86.8291

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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