2424 Center Point PkwyBirmingham, AL 35215

Property Details for 2424 Center Point Pkwy

Year built

1973

Lot size

0.46 AC

Property size (Sq ft)

3,014 SF

Zone code

C1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

12-00-07-3-013-017.000

APU

1200073013017000

Description

This exceptional 2,184 square foot retail property, located at 2424 Center Point Parkway in Birmingham, Alabama, presents a remarkable owner-user investment opportunity. Situated on a sizable 40,228 square foot lot, this single-story building boasts excellent road frontage and ample parking, catering to diverse business needs. Previously occupied by Chase Bank, Verizon Wireless, and Citizens Bank, the property offers a versatile layout adaptable to various uses, including a bank or restaurant. Built in 1973 and extensively renovated in 2014, the building is in excellent condition, requiring only minor cosmetic interior updates. Key features include a functional kitchen area, a restroom, and a separate room suitable for an office. The roof and HVAC system are approximately 10 years old. The property is zoned C-1 and is available for occupancy on August 6, 2024. The asking price is $500,000, translating to $228.94 per square foot. This is a rare chance to acquire a well-maintained, strategically located retail space in a thriving Birmingham market. The property's history of successful banking and wireless operations speaks to its prime location and potential for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $637,474

  6.5%

  $588,438

  7%

  $546,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $490,950

  Geo Method

  $587,911

• Alternative Use

  Use

  Valuation

  Residential

  $729,663

  Hospitality

  $668,367

  Educational

  $556,074

  Medical

  $575,198

  Retail

  $865,003

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.6506

Longitude

-86.6837

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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