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    2420-2424 1St Ave N Birmingham, AL 35203

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    For Sale
    $2,600,000

    Corner lot with drive-thru, high ceilings, and dedicated parking.

    Property size:
    20,100 SF
    Lot size:
    0.49 Acres

    Property Features for 2420-2424 1St Ave N

    General Information

    Size
    20,100 SF
    Lot size
    0.49 Acres

    Source: Ironvest Partners Agent Jordan Weaver

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Lot with Drive-Thru

    This property features dedicated parking with 25 spaces and an existing drive-thru. The property is located on a strategic corner lot with dual frontage on two major streets, enhancing visibility. The location is highly walkable and surrounded by successful businesses, including dining options and coffee shops. The property has an open layout with high ceilings. Demolition is complete. The property size is 20100 square feet.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.703336
    Latitude
    33.542641

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    FAQs

    What type of property is this?
    Drive through restaurant - Corner lot with drive-thru, high ceilings, and dedicated parking.
    Where is this drive through restaurant located?
    The property is located at 2420-2424 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: - Strategic corner lot with dual frontage on two major streets amplifying exposure; - Dedicated parking with 25 spaces & existing drive-thru in place; - Highly walkable location surrounded by successful businesses and top dining options
    (205) 598-8382
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    2420-2424 1St Ave N Birmingham, AL 35203
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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
    2420-2424 1St Ave N Birmingham, AL 35203
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