3720 4Th AveBirmingham, AL 35222

  • Office properties
  • 10,664 SF
For Lease
$6,600/SF/YR View listing

Property Details for 3720 4Th Ave

Year built
1979
Lot size
0.29 AC
Property size (Sq ft)
10,664 SF
Zone code
CB1
Property type
Office properties
APN
23-00-29-3-026-007.001
APU
2300293026007001

Description

This newly renovated, Class A, two-story office building in Birmingham, Alabama's historic Avondale neighborhood offers 8,760 square feet of versatile space. The property, built in 1979 and completely renovated in 2024, is zoned CB1 and features multiple tenancy options, with spaces ranging from a minimum of 100 square feet to a maximum contiguous space of 2,040 square feet. Currently, 2,665 square feet is available. The first floor is perfect for smaller businesses, with individual offices ranging from 100 to 425 square feet. The second floor is ideal for a larger tenant, offering over 2,000 square feet with multiple office spaces. Shared amenities include a welcoming lobby, a convenient conference room, a comfortable break room, and multiple restrooms. Common area janitorial services are included in the full-service net rent, which covers internet and phone services. This location is excellent for a variety of businesses seeking a vibrant and well-maintained office environment. The property's address is 3720 4th Ave S, Birmingham, AL 35222.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,255,482
    6.5%
    $2,081,984
    7%
    $1,933,271
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,737,059
    Geo Method
    $2,080,120
  • Alternative Use

    Use
    Valuation
    Residential
    $2,581,660
    Hospitality
    $2,364,787
    Educational
    $1,967,475
    Medical
    $2,035,139
    Retail
    $3,060,516
3720 4Th Ave, Birmingham, Alabama

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.5208
Longitude
-86.7782
CBSA code
13820
CBSA name
BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$9,748
$32,760
$140,880
$173,640
-
$163,800
$704,400
$868,200

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