Downtown Tuscaloosa Redevelopment
2213 UNIVERSITY Boulevard Tuscaloosa, AL 35401
2213 UNIVERSITY Boulevard, Tuscaloosa, AL, 35401
$3,900,000
For Sale
$3,900,000
Unique 25,520 SF building in the heart of Tuscaloosa.
Property Size25,520 SF
Lot Size0.20 Acres
Price / SF$152.82
Days on Market177
Property Features for 2213 UNIVERSITY Boulevard
General Information
- Standard status
- Active
- Size
- 25,520 SF
- Lot size
- 0.20 Acres
- Property subtype
- Commercial/Industrial
Listing Agency
Pritchett Moore Real Estate
(205) 535-6564
Listed by
JacQuan Winters
(205) 535-6564
Source
Exitrealty
Added: Jan 21 Checked: Jul 17 at 5:33 am
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 Pritchett Moore Real Estate
Investment Insights
Based on property information with market context.
Located in downtown Tuscaloosa, Alabama, this unique building offers approximately 25,520 square feet of space. Constructed in 1945, the property includes a first floor, second floor, and a full basement. The building is situated within a designated Opportunity Zone and is near major employers, restaurants, bars, hotels, entertainment venues, and the Tuscaloosa Riverwalk. The property sits on approximately 0.20 acres and is zoned D (Downtown), allowing for a wide range of commercial, residential, and mixed-use development concepts. The flexible floor plates are suitable for a variety of adaptive reuse strategies, making it an attractive redevelopment opportunity in a highly walkable urban environment.
Key Highlights
- Located in a designated Opportunity Zone
- Prime downtown location in Tuscaloosa, Alabama
- High walkability score, close to employers, restaurants, bars, hotels, entertainment, and the Riverwalk
Local Financial Insights For Mixed Use
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 | $535.9k | $21.00 |
| − Vacancy | −$50.9k | −$2.00 |
| EGI | $485.0k | $19.01 |
| − OpEx | −$181.9k | −$7.13 |
| NOI | $303.1k | $11.88 |
25,520 SF · lease $21.00/SF/yr · vacancy 9.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$4.33M
$3.79M – $5.05M
NOI $303,130 @ 7.0% cap · market cap 7.77%
Second Best
Office B
$4.22M
$3.69M – $4.93M
NOI $295,598 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$6.13M
$5.37M – $7.15M
NOI $429,287 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Children's Hands-On Museum
Family Recreation Center
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Unique 25,520 SF building in the heart of Tuscaloosa.
Where is this mixed-use property located?
The property is located at 2213 UNIVERSITY Boulevard Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Located in a designated Opportunity Zone; Prime downtown location in Tuscaloosa, Alabama; High walkability score, close to employers, restaurants, bars, hotels, entertainment, and the Riverwalk
