2001 3Rd AveBirmingham, AL 35233

  • Retail properties
  • 478,000 SF

Property Details for 2001 3Rd Ave

Year built
1925
Property size (Sq ft)
478,000 SF
Property type
Retail properties
Property subtype
Office properties

Description

Liberty Towers, located at 2001 3rd Ave S in Birmingham, Alabama, presents a unique redevelopment opportunity. This 26-story building (comprising a 16-story and a 10-story structure) totals 478,000 square feet and sits on a 37,877 square foot lot. Originally constructed in 1925 with additions in the 1950s and a major renovation in 1972, the property boasts significant historical character and may qualify for state and federal historic tax credits. The building offers 1,114 parking spaces and is zoned B-4. Its prime location directly across from the 20 Midtown mixed-use development (featuring 436 luxury apartments and popular retailers like Publix, Chipotle, and Starbucks) and adjacent to the University of Alabama at Birmingham (UAB), which employs 28,000 and has a student body of 22,500, provides exceptional access to a large and diverse population. This strategic position, coupled with its size and historical significance, makes Liberty Towers an attractive investment in an Opportunity Zone. The connected 16 and 10-story buildings offer a wide range of redevelopment possibilities for a discerning investor. The property's history includes a bronze replica of the Statue of Liberty, which was once atop the original structure.

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.5118
Longitude
-86.8011

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