Avondale Retail or Multifamily
4401 4th S Avenue Birmingham, AL 35222
For Sale
$550,000
Updated retail space or multifamily development opportunity in Avondale.
Property Size1,617 SF
Lot Size0.60 Acres
Price / SF$340.14
Days on Market142
Property Features for 4401 4th S Avenue
General Information
Standard status
Active
Size
1,617 SF
Lot size
0.60 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1959
Listing Agency:
Keller Williams Realty Vestavia
(720) 341-8972
Listed By:
Alex Santos
(720) 341-8972
Source:
Exitrealty
Added: Mar 10
Changed: Jul 10
Last Checked: Jul 29 at 5:36AM
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 Keller Williams Realty Vestavia
Investment Insights
Based on property information with market context.
This property presents a great opportunity for a retail store or even multifamily development. The free-standing building, updated in 2023, offers 1,617 square feet of space and 227 feet of road frontage. The land size is 26,213 square feet. Located on a high-traffic road in Avondale, it is situated across from popular stores and Cahaba Brewery. The building has been completely gutted and updated, with everything new except the roof and outside walls. Features include a new tankless water heater, new AC and heater, and ADA compliance, including an ADA bathroom, two additional bathroom stalls, and a shower. It also has three changing rooms, a community double sink, and quartz countertops. The property has been repainted inside and out and includes all-new electric, plumbing, and spray foam insulation. New drainage has been added on the outside and inside. The repainted parking lot offers 30 plus parking spaces. The property is located in a fantastic location with lots of traffic.
Key Highlights
- High‑traffic location in Avondale across from popular stores and Cahaba Brewery
- Completely updated in 2023 with new electric, plumbing, HVAC, tankless water heater, and spray foam insulation
- Suitable for retail or multifamily development
Financial Insights For 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 | $25.2k | $15.60 |
| − Vacancy | −$2.6k | −$1.64 |
| EGI | $22.6k | $13.96 |
| − OpEx | −$6.8k | −$4.19 |
| NOI | $15.8k | $9.77 |
1,617 SF · lease $15.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$225.8K
$197.6K – $263.4K
NOI $15,804 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.5K
$332.1K – $442.8K
NOI $26,568 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Updated retail space or multifamily development opportunity in Avondale.
Where is this retail space located?
The property is located at 4401 4th S Avenue Birmingham, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High‑traffic location in Avondale across from popular stores and Cahaba Brewery; Completely updated in 2023 with new electric, plumbing, HVAC, tankless water heater, and spray foam insulation; Suitable for retail or multifamily development
