1865 Bessemer RdBirmingham, AL 35208

Property Details for 1865 Bessemer Rd

Year built

1940

Lot size

0.17 AC

Property size (Sq ft)

2,398 SF

Zone code

B2

Property type

Investment properties

Property subtype

Live-work space

APN

29-00-07-1-011-001.000

APU

2900071011001000

Description

This exceptional commercial property, located at 1865 Bessemer Road in Birmingham, Alabama, presents a fantastic opportunity for a discerning buyer. Priced to sell at $59,900, this 0.17-acre lot boasts a substantial building previously used as a beauty salon, offering ample space for a variety of business ventures. Its strategic corner lot placement on Bessemer Road ensures high visibility and easy accessibility for customers. The property benefits from convenient street parking and a private parking lot accommodating 4-5 vehicles. The building itself is a striking stone structure, showcasing attractive architectural features. While the exact square footage is unavailable, the attached photos provide a comprehensive visual representation of the property's size and layout. The property's location is particularly advantageous, being situated just a short distance from the Birmingham Crossplex, a significant local landmark. Please note that property taxes are estimates, as the previous owner held a tax exemption. Potential buyers should independently verify all listing information, including the applicability of any right of redemption. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Birmingham location.

• CAP approach

  CAP return

  Valuation

  6%

  $581,100

  6.5%

  $536,400

  7%

  $498,086

• Comparable approach

  Method

  Valuation

  Relative Method

  $398,422

  Geo Method

  $477,109

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,060,910

  Retail / Commercial

  $540,842

  Hospitality / Lodging

  $390,268

  Office

  $530,596

  Institutional / Educational

  $556,742

  Residential Income

  $651,388

  Multifamily

  $795,172

  Automotive / Energy

  $477,207

  Parking / Income-Based Land

  $167,161

  Restaurant / Food Service

  $273,622

  Healthcare / Senior Housing

  $552,646

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.4908

Longitude

-86.8842

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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