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    Iconic Birmingham Commercial Live-Work Property Title is generated by Realmo AI

    2024-2026 Morris Ave, Birmingham, AL

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    Renovated mixed-use property with commercial suites and residential loft.

    Type:OFFICE
    Property size:
    8,000 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $206/SF
    Added:
    May 28, 2025
    Days on Market:
    380
    Last Refresh:
    May 19 at 10:18 pm

    Property Features for 2024-2026 Morris Ave

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    0.10 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Kyle Crew
    Kyle Crew

    Listing agent Kyle Crew

    Listing office Ironvest Partners

    Listing date May 28, 2025

    Source Moodyscre

    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

    HighLights

    • Iconic commercial building in Downtown Birmingham's Loft District on Morris Avenue.
    • Meticulously renovated in 2016 with all‑new plumbing, HVAC, roof, and electrical systems.
    • Opportunity for owner occupancy with a large upstairs residential loft apartment or rental income.
    • Two (or three) income‑generating commercial suites with tenants willing to stay and expand.
    • 8,000 square feet of space.
    • Located on a famous cobblestone street.

    Overview

    This iconic commercial building, known as the "Mecca," is located on Morris Avenue in Birmingham's Loft District. Constructed in 1892, the property underwent a renovation in 2016. The building offers approximately 8,000 square feet of space. It features two or three income-generating commercial suites, with tenants who may stay and expand. Additionally, there is a large upstairs residential loft apartment that could be occupied by a new owner or rented out for income. The property includes new plumbing, HVAC, roof, and electrical systems, all completed in 2016. The building has 18-foot ceilings. This property presents an opportunity for both living and working, or as an investment property.

    Local Financial Insights For Office B

    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 $163.2k $20.40
    − Vacancy −$35.1k −$4.39
    EGI $128.1k $16.01
    − OpEx −$32.0k −$4.00
    NOI $96.1k $12.01
    8,000 SF · lease $20.40/SF/yr · vacancy 21.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.37M
    $1.20M – $1.60M (±1% cap)
    NOI $96,084 @ 7.0% cap · market cap 5.82%
    Second Best
    Mixed Use
    $1.33M
    $1.16M – $1.55M (±1% cap)
    NOI $92,880 @ 7.0% cap · market cap 5.63%
    Theoretical Best
    Office A
    $1.88M
    $1.64M – $2.19M (±1% cap)
    NOI $131,443 @ 7.0% cap · market cap 7.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.805
    Latitude
    33.514

    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use property with commercial suites and residential loft.
    Where is this mixed-use property located?
    The property is located at 2024-2026 Morris Ave Birmingham, AL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Iconic commercial building in Downtown Birmingham's Loft District on Morris Avenue.; Meticulously renovated in 2016 with all‑new plumbing, HVAC, roof, and electrical systems.; Opportunity for owner occupancy with a large upstairs residential loft apartment or rental income.
    (205) 598-8382 Call to check price and availability
    More about this property
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