1703 Center Point PkwyCenter Point, AL 35215

Property Details for 1703 Center Point Pkwy

Year built

1977

Lot size

0.20 AC

Property size (Sq ft)

3,132 SF

Zone code

C1

Property type

Medical offices

Property subtype

Medical centers

APN

12-00-19-2-001-008.001

APU

1200192001008001

Description

This exceptional 2,496 square foot medical office building presents a compelling investment opportunity in Birmingham, Alabama. Located at 1703 Center Point Parkway, this Class C building is situated on a 0.2-acre lot and zoned C1, offering flexibility for various medical uses. Built in 1977, the single-tenant property is currently priced at $270,000, translating to $108.17 per square foot. The building features ample parking with 17 spaces, ensuring convenient access for patients and staff. Its strategic location as an outparcel of a Food Giant grocery store and proximity to national retailers provides outstanding visibility and accessibility on a busy thoroughfare. This property is ideal for an owner-user seeking a well-positioned medical practice space. The building offers potential for renovation or redevelopment, allowing for customization to meet specific needs. Interior photos are available upon request. This is a rare opportunity to acquire a well-located medical office building in a thriving Birmingham commercial area. The property's strong location and ample parking make it an attractive option for both established and emerging medical practices. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $662,432

  6.5%

  $611,475

  7%

  $567,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,171

  Geo Method

  $610,928

• Alternative Use

  Use

  Valuation

  Residential

  $758,229

  Hospitality

  $694,534

  Educational

  $577,844

  Medical

  $597,717

  Retail

  $898,869

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.6324

Longitude

-86.6842

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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