918 19Th StBirmingham, AL 35203

Property Details for 918 19Th St

Year built

1941

Lot size

0.11 AC

Property size (Sq ft)

2,500 SF

Zone code

M1

Property type

Retail properties

APN

22-00-25-3-029-004.000

APU

2200253029004000

Description

This exceptional commercial property, situated at 918 19TH STREET N in Birmingham, Alabama, presents a compelling investment opportunity. The 0.12-acre lot boasts a highly desirable location directly across the street from the Birmingham Jefferson Convention Complex (BJCC), placing it within easy reach of significant foot traffic and event-related activity. Its proximity to Protective Stadium and Top Golf further enhances its appeal and potential for strong returns. The building itself requires renovation, presenting a chance for significant value-add. The interior necessitates a complete overhaul, including new electrical and plumbing systems, as well as cosmetic refurbishment to modernize the space. Furthermore, both interior and exterior structural repairs are needed. Despite the required renovations, the strategic location and substantial lot size make this property an attractive prospect for investors seeking a project with considerable upside. The asking price is $315,000. The square footage is not currently available. This property is zoned for general commercial use and offers a unique chance to capitalize on the vibrant activity surrounding the BJCC and other nearby attractions. Serious inquiries are encouraged to explore the full potential of this promising investment.

• CAP approach

  CAP return

  Valuation

  6%

  $777,278

  6.5%

  $717,488

  7%

  $666,239

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,026,207

  Geo Method

  $1,228,878

• Alternative Use

  Use

  Valuation

  Residential

  $605,228

  Hospitality

  $554,385

  Educational

  $461,242

  Medical

  $477,105

  Retail

  $717,488

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.5227

Longitude

-86.8135

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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