2901 2Nd AveBirmingham, AL 35233

Property Details for 2901 2Nd Ave

Year built

1950

Construction

STEEL FRAME

Lot size

0.73 AC

Property size (Sq ft)

55,228 SF

Zone code

M1

Property type

Office properties

APN

23-00-31-2-008-003.000

APU

2300312008003000

Description

This exceptional Birmingham, Alabama office building, located at 2901 2nd Ave S, zip code 35233, offers 52,127 square feet of versatile space in a vibrant, established location. Currently configured as a multi-tenant property, the building boasts a traditional office style and includes 2,125 square feet of immediately available vacant space. The property is ideally situated within the thriving Pepper Place district, known for its unique character and diverse businesses. Existing tenants include popular local establishments such as the Hot & Hot Fish Club, Bettola, and Red Cat Coffee House, creating a dynamic and attractive environment for prospective tenants. Convenient onsite parking is available in a lot adjacent to the building, supplementing ample street parking options. This presents a rare opportunity to acquire a well-located, established office building with immediate occupancy potential in a high-demand area of Birmingham. The building's prime location and existing tenant base provide a strong foundation for future growth and profitability. The property's 52,127 square feet provides ample space for a variety of business needs, making it an attractive investment opportunity. The 2,125 square feet of vacant space offers immediate potential for lease income or expansion for existing tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $11,680,963

  6.5%

  $10,782,427

  7%

  $10,012,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,996,088

  Geo Method

  $10,772,774

• Alternative Use

  Use

  Valuation

  Residential

  $13,370,210

  Hospitality

  $12,247,040

  Educational

  $10,189,394

  Medical

  $10,539,823

  Retail

  $15,850,168

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.5167

Longitude

-86.7903

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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