511 11Th StBirmingham, AL 35203

Property Details for 511 11Th St

Year built

1945

Lot size

0.87 AC

Property size (Sq ft)

22,386 SF

Zone code

M1

Property type

Investment properties

Property subtype

Live-work space

APN

22-00-35-4-025-002.000

APU

2200354025002000

Description

This exceptional 21,000-square-foot industrial property, located at 511 11th St N in Birmingham, Alabama, presents a unique investment or occupancy opportunity. The property comprises three single-story buildings totaling 21,000 square feet, offering versatile warehouse, manufacturing, and flex space. With 13'-14' ceiling heights and four convenient drive-in doors, the space is ideal for a variety of uses. The property features three separate buildings with internal connectivity, allowing for flexible subdivision or single-tenant occupancy. Office space is included in two of the buildings. Situated on a 0.87-acre lot in Jefferson County's Opportunity Zone, this prime location boasts high visibility from I-65 (136,000+ daily traffic count) and easy access to both north and southbound I-65 on-ramps. Its proximity to downtown Birmingham, Innovation Depot, Hardware Park, and the Switch District adds to its appeal. A large fenced storage yard (approximately 10,000 square feet) and a substantial parking lot on the corner of 5th and 11th Streets provide ample space for parking and storage. The property benefits from 3-phase 240-volt service and has undergone significant capital improvements in the past year. The seller offers potential flexibility to assist with tenant improvement work. This property is available for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,734,736

  6.5%

  $4,370,526

  7%

  $4,058,346

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,646,455

  Geo Method

  $4,366,613

• Alternative Use

  Use

  Valuation

  Residential

  $5,419,452

  Hospitality

  $4,964,189

  Educational

  $4,130,147

  Medical

  $4,272,190

  Retail

  $6,424,674

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.5127

Longitude

-86.8204

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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