1664 Forestdale BlvdBirmingham, AL 35214

Property Details for 1664 Forestdale Blvd

Year built

1995

Lot size

1.39 AC

Property size (Sq ft)

8,599 SF

Zone code

CP

Property type

Healthcare properties

Property subtype

Medical offices

APN

21-00-12-4-003-025.000

APU

2100124003025000

Description

This exceptional 8,554-square-foot medical office building is strategically located at 1664 Forestdale Boulevard in Birmingham, Alabama, 35214. Offered at $450,000, this property presents a compelling investment opportunity with a price per square foot of $52.61. Situated on a 1.39-acre lot, the building enjoys high visibility and accessibility due to its location on Forestdale Boulevard, a major thoroughfare with over 23,000 vehicles passing daily. Its convenient access to Arkadelphia Road and major interstates I-20, I-459, and I-65 ensures excellent patient and staff accessibility. The property benefits from its proximity to a thriving mix of established local businesses and national retailers, creating a strong and desirable commercial environment. This prime location offers significant potential for growth and return on investment. The property's classification as a medical office building suggests its suitability for a variety of healthcare practices. The substantial square footage provides ample space for various medical specialties or a large multi-disciplinary practice. This presents a rare opportunity to acquire a well-positioned medical office building in a high-traffic area of Birmingham. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,818,726

  6.5%

  $1,678,824

  7%

  $1,558,908

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,400,691

  Geo Method

  $1,677,321

• Alternative Use

  Use

  Valuation

  Residential

  $2,081,742

  Hospitality

  $1,906,864

  Educational

  $1,586,489

  Medical

  $1,641,050

  Retail

  $2,467,871

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Latitude

33.57

Longitude

-86.9006

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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