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    707 Richard Arrington Jr Blvd S Birmingham, AL 35233

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    For Lease
    Contact for pricing

    Retail/restaurant space with loft apartments available for rent.

    Property size:
    1,975 SF
    Lot size:
    0.80 Acres

    Property Features for 707 Richard Arrington Jr Blvd S

    General Information

    Size
    1,975 SF
    Lot size
    0.80 Acres

    Source: Retail Specialists Agent David Ashford

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

    Overview

    Mixed-Use Retail and Residential Property

    This mixed-use property, known as The Waites, features 16,716 square feet of ground-floor retail and restaurant space, complemented by 45 loft apartments. The property offers separate retail parking spaces. Current tenants include Taco Mama, Smoothie King, Yummefy, B&W Philly Steak, and BBVA. The location benefits from significant restaurant sales, with $16 million generated across the street from the site.
    Location Intelligence

    Current Use by Public Records

    The Waites Apartment Building PNC Mortgage Mortgage Lender Yummefy Indo Fresh ... Nepalese Restaurant B&W Philly Steaks ... Cheesesteak Restaurant PNC ATM Atm

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.808476
    Latitude
    33.520612

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    FAQs

    What type of property is this?
    Retail space - Retail/restaurant space with loft apartments available for rent.
    Where is this retail space located?
    The property is located at 707 Richard Arrington Jr Blvd S Birmingham, AL.
    What are key features of this property?
    This property features: - 16,716 sf of ground-floor retail/restaurant space available; - 45 loft apartments provide built-in customer base; - Separate retail parking spaces available for customers
    (205) 999-6552
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    707 Richard Arrington Jr Blvd S Birmingham, AL 35233
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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
    707 Richard Arrington Jr Blvd S Birmingham, AL 35233
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