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    1037 3Rd Ave Birmingham, AL 35204

    For Sale
    $350,000

    High-traffic location, endless potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 0.95-acre commercial property located at 1037 3rd Avenue West in Birmingham, Alabama, presents a unique investment opportunity. Priced at $350,000, this property offers a multitude of potential uses due to its versatile nature and prime location. The substantial lot size provides ample parking, a significant advantage in a high-traffic area. The existing structure presents a "diamond in the rough" opportunity for redevelopment. Envision the possibilities: a thriving event center, a beautiful wedding chapel, a respected funeral home, a bustling restaurant, a vibrant retail shopping center, or modern office space. The high volume of traffic ensures excellent visibility and accessibility for any chosen business venture. The almost one-acre lot provides significant flexibility for expansion or future development. This property is ideally suited for an entrepreneur or investor seeking a high-return project with considerable upside potential. The location's strong traffic flow and ample parking make it an attractive proposition for a wide range of commercial uses. Don't miss this chance to acquire a versatile and strategically located commercial property in a dynamic Birmingham neighborhood.

    Property Features for 1037 3Rd Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    41,382 SF

    Building Details

    Year Built
    1967
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Faith Memorial Chapel ... Funeral Home

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Auto Parts Store Department Store Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8543
    Latitude
    33.50491

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, endless potential.
    Where is this commercial real estate located?
    The property is located at 1037 3Rd Ave Birmingham, AL.
    What is the asking price?
    The asking price for this property is $350,000.
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    1037 3Rd Ave Birmingham, AL 35204
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    Birmingham, AL 35204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1037 3Rd Ave Birmingham, AL 35204
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