5000 1St AveBirmingham, AL 35212

Property Details for 5000 1St Ave

Year built

1900

Lot size

0.26 AC

Property size (Sq ft)

4,015 SF

Zone code

B2

Property type

Retail properties

Property subtype

Other retail properties

APN

23-00-21-3-010-013.000

APU

2300213010013000

Description

This exceptional 4,200-square-foot flex space, located at 5000 1st Ave N in Birmingham, Alabama (zip code 35212), presents a unique investment opportunity for owner-users. The property, classified as Class C, sits on an 11,278-square-foot lot and boasts a highly visible corner location with optimal exposure and accessibility, averaging over 21,000 cars per day. Its flexible layout includes three street-facing retail doors and a rear drive-in roll-up door, catering to diverse business needs. The interior features a dedicated showroom, office space, and warehouse space, complemented by a large fenced yard. The building is a single-story structure with permitted CB-2 zoning. Currently vacant, the property offers immediate occupancy upon purchase. Its strategic location between downtown Birmingham and the Birmingham-Shuttlesworth International Airport provides easy access to major transportation routes and a large workforce. The asking price is $325,000, translating to $77.38 per square foot. The net rentable area is 4,200 square feet. This property is an excellent choice for businesses seeking a versatile and conveniently located space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,248,309

  6.5%

  $1,152,286

  7%

  $1,069,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,648,088

  Geo Method

  $1,973,578

• Alternative Use

  Use

  Valuation

  Residential

  $971,996

  Hospitality

  $890,343

  Educational

  $740,755

  Medical

  $766,231

  Retail

  $1,152,286

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.536

Longitude

-86.761

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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