2212 1St AveBirmingham, AL 35203

Property Details for 2212 1St Ave

Lot size

0.16 AC

Zone code

B4

Property type

Commercial real estate

APN

22-00-36-1-030-011.000

APU

2200361030011000

Description

This exceptional retail opportunity is located at 2212 First Avenue North in Birmingham, Alabama, zip code 35203. The property, part of a mixed-use historic redevelopment, boasts a total of 40,000 square feet, with 4,532 square feet currently vacant and available for lease. The building features multiple storefront spaces ranging in size from 580 square feet to the largest available space of 4,532 square feet. Its prime location offers excellent visibility and accessibility, situated on both First Avenue North and Morris Avenue, with a connecting pedestrian plaza. The property benefits from high foot traffic, being within walking distance of popular Birmingham destinations and situated in the high-growth First Avenue North corridor. Above the retail space are 100% sold residential condos, ensuring a consistent flow of potential customers. The intersection of First Avenue North and 22nd Street South boasts a combined annual average daily traffic count of 33,560 vehicles, further highlighting the property's strong potential for retail success. This is a unique chance to establish a business in a vibrant and thriving area of Birmingham. The property is ideal for a variety of retail uses and offers a compelling investment opportunity in a rapidly developing urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,677,930

  6.5%

  $1,548,860

  7%

  $1,438,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,140,230

  Geo Method

  $1,365,420

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,096,910

  Retail / Commercial

  $1,578,770

  Mixed-Use / Specialty

  $1,565,810

  Hospitality / Lodging

  $1,139,230

  Office

  $1,548,860

  Institutional / Educational

  $1,625,190

  Residential Income

  $1,901,470

  Multifamily

  $2,321,190

  Automotive / Energy

  $1,393,020

  Parking / Income-Based Land

  $487,961

  Restaurant / Food Service

  $798,731

  Healthcare / Senior Housing

  $1,613,230

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.5163

Longitude

-86.8025

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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