2012 1St AveBirmingham, AL 35203

Property Details for 2012 1St Ave

Year built

1910

Lot size

0.08 AC

Property size (Sq ft)

4,250 SF

Zone code

B4

Property type

Investment properties

Property subtype

Live-work space

APN

22-00-36-2-013-018.000

APU

2200362013018000

Description

This exceptional 3,500 square foot executive office suite presents a unique opportunity in the heart of Birmingham's Central Business District (CBD). Located on 1st Avenue North, this single-tenant space boasts a dynamic location adjacent to the Brown Marx redevelopment, the Heaviest Corner on Earth Landmark, Elyton Hotel, and Founders Station (home to Cayo Coco, Pilcrow Cocktail, and Bar La Fete). Across the street sits the prestigious John Hand Building and the Kelley Hotel, ensuring high visibility and convenient access to amenities. The interior features high ceilings, exposed brick, and skylights, creating a stylish and modern atmosphere. An open layout is complemented by custom lighting and details, enhancing the professional aesthetic. A modern kitchen and break area provide added convenience. Two large open areas offer flexibility for use as conference rooms or storage, catering to diverse business needs. The property offers flexible lease terms, including consideration for short-term leases, providing adaptability for various occupancy requirements. This Jefferson County property is ideal for businesses seeking a prestigious and well-connected address in Birmingham's thriving downtown core. The entire 3,500 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,029,890

  6.5%

  $950,668

  7%

  $882,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $706,128

  Geo Method

  $845,585

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,880,270

  Retail / Commercial

  $958,539

  Hospitality / Lodging

  $691,676

  Office

  $940,381

  Institutional / Educational

  $986,720

  Residential Income

  $1,154,460

  Multifamily

  $1,409,290

  Automotive / Energy

  $845,760

  Parking / Income-Based Land

  $296,262

  Restaurant / Food Service

  $484,944

  Healthcare / Senior Housing

  $979,460

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.515

Longitude

-86.8053

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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