Prime Storefront in Loft
2420 1st Ave N Birmingham, AL 35203
2420 1st Ave N, Birmingham, AL, 35203
$2,600,000
For Sale
$2,600,000
Street-level storefront with multi-tenant flexibility and strong visibility.
Property Size20,100 SF
Price / SF$129.35
Days on Market244
Property Features for 2420 1st Ave N
General Information
- Standard status
- Active
- Size
- 20,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1925
Listing agency
Ironvest Partners
(678) 577-2748
Listed by
Jordan Weaver · License #AL #000126065-0
Source
Ironvestpartners
Added: Nov 21, 2025 Updated: Jul 6 at 8:36AM Checked: Jul 22 at 4:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ironvest Partners
Investment Insights
Based on property information with market context.
Located on the corner of 1st Avenue North and 25th Street North, this property offers prime space for a street-level storefront presence, providing multi-tenant flexibility and strong visibility. Situated in Birmingham's historic Loft District on 1st Avenue North, the location provides access to restaurants, bars, coffee shops, and entertainment venues. The property is surrounded by a mix of residential and commercial activity in one of Birmingham's walkable neighborhoods. The property includes dedicated parking with 25 spaces and an existing drive-thru with entrance from 1st Avenue. The property benefits from a strategic corner lot with dual frontage on two major streets, amplifying exposure. The location is highly walkable and surrounded by successful businesses, including dining options and coffee shops. The property features an open layout with high ceilings. The property size is 20100 square feet.
Key Highlights
- Prime corner lot location with dual frontage on two major streets providing strong visibility.
- Located in Birmingham's historic Loft District, offering unmatched access to top restaurants, bars, coffee shops, and entertainment venues.
- Dedicated parking with 25 spaces.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $313.6k | $15.60 |
| − Vacancy | −$32.9k | −$1.64 |
| EGI | $280.6k | $13.96 |
| − OpEx | −$84.2k | −$4.19 |
| NOI | $196.4k | $9.77 |
20,100 SF · lease $15.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.57M
$3.12M – $4.16M
NOI $249,642 @ 7.0% cap · market cap 9.60%
Second Best
Retail
$2.81M
$2.46M – $3.27M
NOI $196,445 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$4.72M
$4.13M – $5.50M
NOI $330,251 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Select Formalwear
Clothing Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Street-level storefront with multi-tenant flexibility and strong visibility.
Where is this storefront property located?
The property is located at 2420 1st Ave N Birmingham, AL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Prime corner lot location with dual frontage on two major streets providing **strong visibility**.; Located in Birmingham's historic Loft District, offering unmatched access to top restaurants, bars, coffee shops, and entertainment venues.; Dedicated parking with **25 spaces**.
