3240 Fayette AveBirmingham, AL 35208

Property Details for 3240 Fayette Ave

Year built

1950

Lot size

5.44 AC

Property size (Sq ft)

2,160 SF

Zone code

M2

Property type

Office properties

APN

29-00-05-4-002-001.000

APU

2900054002001000

Description

This exceptional 10.3-acre commercial and industrial land parcel presents a unique investment opportunity in Birmingham, Alabama. Located at 3240 Fayette Ave, in Jefferson County, zip code 35208, this flat site boasts convenient access to major transportation arteries. The property is zoned I-1 and I-2, allowing for a wide range of industrial and commercial uses. A significant advantage is its immediate adjacency to the $46 million Birmingham Crossplex development, promising substantial synergy and growth potential. The site itself is partially paved and features all utilities readily available on-site. Excellent interstate access is provided via exit 123, ensuring seamless logistics and efficient transportation of goods. Furthermore, the property's proximity to CSX Rail provides an additional logistical advantage for businesses requiring rail access. The asking price for this strategically located and well-equipped property is $500,000. This represents a compelling investment opportunity given its size, zoning, location, and access to key infrastructure.

• CAP approach

  CAP return

  Valuation

  6%

  $517,763

  6.5%

  $477,935

  7%

  $443,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,842

  Geo Method

  $421,330

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $955,618

  Retail / Commercial

  $487,163

  Mixed-Use / Specialty

  $483,163

  Hospitality / Lodging

  $351,534

  Institutional / Educational

  $501,486

  Residential Income

  $586,738

  Multifamily

  $716,252

  Automotive / Energy

  $429,845

  Parking / Income-Based Land

  $150,571

  Restaurant / Food Service

  $246,466

  Healthcare / Senior Housing

  $497,796

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.4979

Longitude

-86.8677

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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