Versatile Corner Lot
2601 N 33rd Avenue Birmingham, AL 35207
2601 N 33rd Avenue, Birmingham, AL, 35207
$200,000
For Sale
$200,000
Building on a large corner lot with multiple potential uses.
Property Size525 SF
Price / SF$380.95
Days on Market129
Property Features for 2601 N 33rd Avenue
General Information
- Standard status
- Active
- Size
- 525 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1965
Listing Agency
Freedom Realty Company
(999) 999-9999
Listed by
Freda Jones
(999) 999-9999
Source
Exitrealty
Added: Mar 10 Checked: Jul 16 at 7:53 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 Freedom Realty Company
Investment Insights
Based on property information with market context.
This building is situated on a large corner lot, offering potential for various uses. The property was previously used as a restaurant, although the restaurant equipment has been removed. The expansive lot was formerly utilized as a car lot and provides access from both sides of the property. The building has a size of 525 square feet.
Key Highlights
- Large corner lot suitable for multiple purposes.
- Previously used as a restaurant, offering potential for similar business ventures.
- Lot accessible from either side of the property.
Local Financial Insights For Specialty Retail
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 | $9.5k | $18.00 |
| − Vacancy | −$756 | −$1.44 |
| EGI | $8.7k | $16.56 |
| − OpEx | −$2.2k | −$4.14 |
| NOI | $6.5k | $12.42 |
525 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$93.2K
$81.5K – $108.7K
NOI $6,521 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$73.3K
$64.1K – $85.5K
NOI $5,131 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$123.2K
$107.8K – $143.8K
NOI $8,626 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Building on a large corner lot with multiple potential uses.
Where is this storefront property located?
The property is located at 2601 N 33rd Avenue Birmingham, AL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Large corner lot suitable for multiple purposes.; Previously used as a restaurant, offering potential for similar business ventures.; Lot accessible from either side of the property.
