6421 1St AveBirmingham, AL 35212

Property Details for 6421 1St Ave

Year built

1958

Lot size

0.56 AC

Property size (Sq ft)

12,030 SF

Zone code

B2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

23-00-15-3-039-002.001

APU

2300153039002001

Description

This exceptional industrial property in Birmingham, Alabama, offers 21,000 square feet of versatile space across two buildings. The front building, constructed in 1958 and renovated in 1998, comprises 10,500 square feet, featuring mostly open warehouse space, offices, restrooms, and a 12-foot ceiling height. It also includes two roll-up doors. The rear building, built in 1998, offers 10,500 square feet with a 15-foot ceiling height, one loading dock, and one dock-high door. Note that the rear building currently lacks power and restrooms. The property is zoned B-2 and sits on three separate parcels. Storage racks are available, and the previous tenant's inventory (Birmingham Auto Parts) is available for purchase separately. This strategically located property is situated near the I-20/59 interchange, adjacent to Birmingham Airport, the Birmingham Bus Depot, and Thrasher Brothers Trailways, offering excellent accessibility and transportation links. The asking price is $749,000, or $374,500 per unit. The price per square foot is $35.67.

• CAP approach

  CAP return

  Valuation

  6%

  $2,544,398

  6.5%

  $2,348,674

  7%

  $2,180,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,959,566

  Geo Method

  $2,346,572

• Alternative Use

  Use

  Valuation

  Residential

  $2,912,356

  Hospitality

  $2,667,703

  Educational

  $2,219,498

  Medical

  $2,295,830

  Retail

  $3,452,552

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.548

Longitude

-86.7421

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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