1900 20Th AveBirmingham, AL 35209

Property Details for 1900 20Th Ave

Year built

1960

Lot size

0.82 AC

Property size (Sq ft)

23,022 SF

Zone code

B2

Property type

Investment properties

Property subtype

Live-work space

APN

28-00-07-2-004-002.000

APU

2800072004002000

Description

This centrally located two-story medical office building in Jefferson County, Alabama, offers 22,842 square feet of space, with 11,421 square feet currently available for lease or sale. Ideally situated near the intersection of Richard Arrington Jr. Blvd and 21st Avenue South, across from Vulcan Park, this property enjoys excellent visibility and accessibility. Its proximity to the Central Business District, Mountain Brook, and Homewood, along with its less-than-three-mile distance to UAB, UAB St. Vincent's, and Brookwood Baptist Medical Center, makes it an exceptionally desirable location for medical practices or other office uses. The building features a newly painted exterior, three points of entry, two roll-up loading doors, a freight elevator, and a large atrium providing ample natural light. The upper level boasts a separate entrance from the parking lot, offering convenience and privacy. With 40 surface parking spaces and a shell condition interior, this property presents a unique opportunity for an owner-occupant or investor seeking a versatile and well-positioned medical office building. The building sits on 0.82 acres and has two suites. The minimum divisible space is 11,421 square feet, with a maximum contiguous space of 22,842 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $4,869,254

  6.5%

  $4,494,696

  7%

  $4,173,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,750,053

  Geo Method

  $4,490,672

• Alternative Use

  Use

  Valuation

  Residential

  $5,573,422

  Hospitality

  $5,105,225

  Educational

  $4,247,487

  Medical

  $4,393,565

  Retail

  $6,607,202

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.4902

Longitude

-86.7932

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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