3057 Lorna Rd Birmingham, AL 35216

Building Details

Year Built

1989

Listing Agency Mark Dinan Commercial & Investment Real Estate m***@bellsouth.net Show Phone

Listed by Mark Dinan · License #AL 000044694

Source Crexi

Added: Jul 2, 2019 Checked: Jul 16 at 11:10 am

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Investment Insights

Based on property information with market context.

This 16,800 square foot, two-story office building, constructed in 1989, is in excellent condition and suitable for an owner-user or investor. The property benefits from a well-known and recognized location with easy and convenient access, situated only approximately 0.5 miles from I-65. It features abundant curb-side level parking, accommodating 78 cars. The parking lot has been recently sealed. The building offers high visibility and monument signage, complemented by attractive architecture and landscaping. The property is near major retailers and businesses, including Publix, Regions, Wells Fargo, Golden Rule, McDonalds, Chick-fil-a, Krispy Kreme, and Starbucks. The City of Hoover is investing in the area. The property also has easy and convenient access to Hwy 31 and Lorna Rd. The property generates $87,000 in rental income from 3 national tenants. Property taxes were $31,939 in 2022.

Key Highlights

• High Rental Income: $87,000 annual income from 3 national tenants.
• Prime Location: Highly visible building with monument signage, near major retailers and businesses.
• Convenient Access: Easy and convenient access, only 1/2 mile to I‑65, Hwy 31 and Lorna Rd.

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FAQs

What type of property is this?

Office building - Well-maintained office building with high visibility and convenient access.

Where is this office building located?

The property is located at 3057 Lorna Rd Birmingham, AL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: High Rental Income: $87,000 annual income from 3 national tenants.; Prime Location: Highly visible building with monument signage, near major retailers and businesses.; Convenient Access: Easy and convenient access, only 1/2 mile to I‑65, Hwy 31 and Lorna Rd.