2232 Center Point PkwyBirmingham, AL 35215

Property Details for 2232 Center Point Pkwy

Year built

1955

Lot size

0.46 AC

Property size (Sq ft)

2,078 SF

Zone code

C1

Property type

Medical offices

Property subtype

Medical centers

APN

12-00-18-2-006-020.000

APU

1200182006020000

Description

This exceptional freestanding office building, situated at 2232 Center Point Parkway in Center Point, Alabama (zip code 35215), presents a unique investment opportunity. The property boasts a total of 1,698 square feet of office space, spread across two floors, each featuring four offices, a reception area, and two restrooms. The building's layout allows for flexibility, with the potential to divide the space to suit various business needs. The lower floor offers a separate entrance, providing an ideal setup for leasing to a tenant, generating additional income streams. This versatile property includes an expansive 0.75-acre lot, offering ample space for parking, outdoor storage, or future development. Its prime location on Center Point Parkway (Highway 75) ensures high visibility and accessibility, with a daily traffic count exceeding 13,000 vehicles. The asking price is $250,000, translating to $147.23 per square foot. This property is well-suited for a variety of professional uses, including contractor offices, insurance agencies, or law firms. The combination of prime location, versatile space, and significant land area makes this an attractive investment prospect with strong potential for return.

• CAP approach

  CAP return

  Valuation

  6%

  $439,506

  6.5%

  $405,698

  7%

  $376,719

• Comparable approach

  Method

  Valuation

  Relative Method

  $338,485

  Geo Method

  $405,335

• Alternative Use

  Use

  Valuation

  Residential

  $503,065

  Hospitality

  $460,805

  Educational

  $383,385

  Medical

  $396,570

  Retail

  $596,376

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.6442

Longitude

-86.6843

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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