Historic Office-Retail
For Sale
$2,510,000
2212 3rd Ave S, Birmingham, AL 35233
Two-story building with downtown storefront frontage and flexible office, warehouse, and studio space for live-work concepts.
Property Size4,200 SF
Price / SF$358.57
Days on Market116
Property Features for 2212 3rd Ave S
General Information
Standard status
Active
Size
4,200 SF
Class
A
Property subtype
Office
Building Details
Building Size
4,200 SF
Year Built
1962
Stories
2
Listing Agency:
JH Berry
Listed By:
Jake Bottcher
(205) 873-5943
Source:
Jhberry
Added: Jun 16
Changed: Oct 8
Last Checked: Oct 9 at 5:31PM
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 JH Berry
Investment Insights
Based on property information with market context.
This historic two-story office-retail building offers approximately 7,000 square feet of flexible interior space. The lower level features an open area with storefront along 3rd Ave N, while the upper level includes a mix of offices and open work areas. The current configuration supports multiple functions, including online sales warehouse operations, office use, and photography studio space, making it well suited for tenants seeking a combined workplace and production setup.
The property is located off 3rd Ave N in Downtown Birmingham, between 22nd and 23rd St N. It sits within walking distance of nightlife and award-winning restaurants and bars, and it is surrounded by corporate office towers. The building is also adjacent to prominent downtown landmarks including the historic St Paul Cathedral, Harbert Center, and Concord Center.
For buyers and operators, the first-floor storefront component can support customer-facing activity, while the remaining office and open work areas can accommodate day-to-day administrative functions. The existing live-work fit is reinforced by the building’s ability to combine office, light warehouse workflows, and studio-style space under one roof. Call for details on the current layout and how the space can be adapted for your intended use.
The property is located off 3rd Ave N in Downtown Birmingham, between 22nd and 23rd St N. It sits within walking distance of nightlife and award-winning restaurants and bars, and it is surrounded by corporate office towers. The building is also adjacent to prominent downtown landmarks including the historic St Paul Cathedral, Harbert Center, and Concord Center.
For buyers and operators, the first-floor storefront component can support customer-facing activity, while the remaining office and open work areas can accommodate day-to-day administrative functions. The existing live-work fit is reinforced by the building’s ability to combine office, light warehouse workflows, and studio-style space under one roof. Call for details on the current layout and how the space can be adapted for your intended use.
Key Highlights
- Historic 2‑story office/retail building built in 1910 in downtown Birmingham
- Roughly +/-7,000 SF with storefront frontage along 3rd Ave N
- Open work areas and various offices across two stories
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,074
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,480
$1.7M
Cap Rate 7%
$1,201,057
$1.2M
Cap Rate 9%
$934,156
$934.2K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$142.8K $20.40/SF
− Vacancy
−$30.7K −$4.39/SF
EGI
$112.1K $16.01/SF
− OpEx
−$28.0K −$4.00/SF
NOI
$84.1K $12.01/SF
Area
Birmingham, AL
Vacancy
21.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,480
Cap Rate 7%
$1,201,057
Cap Rate 9%
$934,156
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,074 @ 7.0% cap · market cap 3.35%
Second Best
Mixed Use
$1.16M
$1.02M – $1.35M
NOI $81,270 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,013 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,902
Businesses Nearby
Explore this area
Business Placement
Demographics for 35233, AL
2,588
Population
2,710
Households
1
Avg Household Size
27
Median Age
90%
College-Educated
99%
High-School Grad
1.5 sq mi
ZIP Area
1,725
Density / Sq Mi
$52,207
Median Household Income
$48,750
Median Earnings
$1,526
Median Rent
$332,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Birmingham, AL
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Frequently Asked Questions
What type of property is this?
Live-work space - Two-story building with downtown storefront frontage and flexible office, warehouse, and studio space for live-work concepts.
Where is this live-work space located?
The property is located at 2212 3rd Ave S Birmingham, AL.
What is the asking price?
The asking price for this property is $2,510,000.
What are key features of this property?
This property features: Historic 2‑story office/retail building built in 1910 in downtown Birmingham; Roughly +/-7,000 SF with storefront frontage along 3rd Ave N; Open work areas and various offices across two stories
