617 21St AveBirmingham, AL 35204

Property Details for 617 21St Ave

Year built

1966

Lot size

1.60 AC

Property size (Sq ft)

714 SF

Zone code

M1R6

Property type

Office properties

APN

22-00-27-2-023-003.000

APU

2200272023003000

Description

This exceptional 36,500-square-foot industrial property in Birmingham, Alabama, presents a lucrative investment opportunity. Located at 617 21st Avenue West, within Jefferson County's M-1 zoned area, this single-building facility offers a compelling blend of cooler and freezer space, ideal for various cold storage needs. The building boasts 27,300 square feet of cooler space and 4,600 square feet of freezer space, ensuring ample capacity for diverse inventory management. Six dock-high loading positions, each equipped with refrigeration, facilitate efficient and seamless loading and unloading operations. The property also includes 2,500 square feet of recently renovated office space, providing comfortable and functional administrative areas. Ceiling heights range from 10 to 20 feet, offering flexibility for various storage configurations and equipment. The facility's previous use by a well-established meat and seafood distributor speaks to its suitability for similar businesses, and its central Birmingham location provides easy access to major transportation routes and a robust workforce. The asking price for this exceptional cold storage facility is $2,495,000. This represents a significant opportunity to acquire a high-performing asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $151,014

  6.5%

  $139,398

  7%

  $129,441

• Comparable approach

  Method

  Valuation

  Relative Method

  $116,303

  Geo Method

  $139,273

• Alternative Use

  Use

  Valuation

  Residential

  $172,853

  Hospitality

  $158,332

  Educational

  $131,731

  Medical

  $136,261

  Retail

  $204,915

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.5303

Longitude

-86.8475

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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