3500 7Th AveBirmingham, AL 35222

Property Details for 3500 7Th Ave

Year built

1966

Lot size

0.46 AC

Property size (Sq ft)

16,000 SF

Zone code

O&I

Property type

Office properties

APN

23-00-31-1-006-004.000

APU

2300311006004000

Description

This exceptional Avondale office property at 3500 7th Avenue South offers 16,000 square feet of versatile office and flex space, ideal for businesses seeking a convenient and modern workspace. Currently, 5,000 square feet of space is immediately available, divisible into units as small as 1,500 square feet, with a maximum contiguous space of 5,000 square feet. The property is classified as Class B and sits on a 0.46-acre lot. The building boasts a prime location, just two miles from Downtown Birmingham, offering easy access to the city's amenities and a thriving business community. Recent improvements include new landscaping and a renovated parking lot, providing ample parking for tenants. There are 28 on-site parking spaces and an additional 18 convenient off-site spaces. The property is also conveniently located less than one mile from St. Vincent's Hospital. The building is suitable for build-to-suit options and can accommodate smaller tenants seeking individual suites. This multi-tenant building presents a fantastic opportunity for businesses of various sizes seeking a well-maintained and strategically located office space in the vibrant Avondale neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $3,835,280

  6.5%

  $3,540,260

  7%

  $3,287,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,606,240

  Geo Method

  $3,120,960

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,078,650

  Retail / Commercial

  $3,608,620

  Mixed-Use / Specialty

  $3,578,980

  Hospitality / Lodging

  $2,603,960

  Institutional / Educational

  $3,714,710

  Residential Income

  $4,346,210

  Multifamily

  $5,305,570

  Automotive / Energy

  $3,184,040

  Parking / Income-Based Land

  $1,115,340

  Restaurant / Food Service

  $1,825,670

  Healthcare / Senior Housing

  $3,687,380

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.5164

Longitude

-86.7794

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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