Birmingham Commercial Restaurant For
For Sale
Contact for pricing
608 31st Street North, Birmingham, AL 35203
High-visibility commercial restaurant with redevelopment potential in Birmingham, Alabama.
Property Size3,304 SF
Price / SF$181.60
Days on Market83
Property Features for 608 31st Street North
General Information
Standard status
Active
Size
3,304 SF
Property subtype
Mixed Use
Building Details
Year Built
1956
Listing Agency:
Keller Williams Metro South
Listed By:
Chris Mallery · License #000128183 AL
Source:
Crexi
Added: May 9
Changed: Jul 10
Last Checked: Jul 30 at 8:17AM
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 Metro South
Investment Insights
Based on property information with market context.
This commercial property in Birmingham, Alabama, currently operating as a restaurant, presents a versatile investment opportunity. The property benefits from M-2 Heavy Industrial zoning, offering strong redevelopment potential for investors, developers, and owner-users. The existing restaurant can continue operations, or the property can be repositioned for various commercial and industrial uses, including flex space, warehouse, contractor headquarters, automotive, or service-based businesses. The property's strategic location provides convenient access to major Birmingham corridors and surrounding commercial growth. The property combines existing improvements, valuable land, and long-term upside in one investment opportunity. The building size is 3304 square feet.
Key Highlights
- High‑visibility commercial restaurant property with existing operational restaurant.
- Flexible M‑2 Heavy Industrial zoning allows for diverse commercial and industrial uses.
- Strong redevelopment potential for various business types.
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 | $59.5k | $18.00 |
| − Vacancy | −$4.8k | −$1.44 |
| EGI | $54.7k | $16.56 |
| − OpEx | −$13.7k | −$4.14 |
| NOI | $41.0k | $12.42 |
3,304 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$586.2K
$513.0K – $683.9K
NOI $41,036 @ 7.0% cap · market cap 6.84%
Second Best
Flex RnD
$458.7K
$401.4K – $535.2K
NOI $32,111 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$775.5K
$678.6K – $904.8K
NOI $54,286 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35203, AL
3,595
Population
2,114
Households
1.7
Avg Household Size
37
Median Age
41%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
1,712
Density / Sq Mi
$46,829
Median Household Income
$51,183
Median Earnings
$954
Median Rent
$288,600
Median Home Value
Market
Vacancy Rate% for Industrial in Birmingham, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - High-visibility commercial restaurant with redevelopment potential in Birmingham, Alabama.
Where is this conventional restaurant located?
The property is located at 608 31st Street North Birmingham, AL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High‑visibility commercial restaurant property with existing operational restaurant.; Flexible M‑2 Heavy Industrial zoning allows for diverse commercial and industrial uses.; Strong redevelopment potential for various business types.
