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    704 2Nd Ave Birmingham, AL 35203

    For Sale
    $550,000

    13,000 SF Warehouse, 100% Occupied

    Property size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 13,000-square-foot warehouse, located at 704 2nd Ave N in Birmingham, Alabama, presents a compelling investment opportunity. The property, built in 1952, sits on a 0.32-acre lot and features a single-story building with one loading dock. Currently 100% occupied since January 1, 2012, under a triple net (NNN) lease, the property offers a stable income stream. The lease, originally signed for 12 years, expired December 31, 2023. The asking price is $550,000, translating to $42.31 per square foot. The property boasts a strong history of occupancy, with a single tenant occupying the entire space. The lease included a 4% annual rent bump, demonstrating consistent rental growth. This fully occupied warehouse is situated on the north side of downtown Birmingham, offering convenient access to major transportation routes and the city's vibrant commercial core. The property's single-tenant occupancy minimizes management complexities, making it an attractive option for investors seeking a low-maintenance, high-return investment. The building's solid construction and prime location contribute to its long-term value and potential for future appreciation. This is a rare opportunity to acquire a fully occupied, income-producing warehouse in a desirable Birmingham location. The property's history of consistent occupancy and rental growth makes it an attractive investment for both seasoned and new investors.

    Property Features for 704 2Nd Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    13,000 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1952
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $550,000 asking price for a 13,000 SF warehouse.
    • Located at 704 2nd Ave N, Birmingham, AL 35203.
    • Industrial property, single‑tenant, 100% occupied.
    • NNN lease, 12‑year term expired December 31, 2023.
    • Built in 1952, one‑story building on a 0.32‑acre lot.
    • One loading dock, no dock‑high doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.824
    Latitude
    33.5073

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    FAQs

    What type of property is this?
    Distribution property - 13,000 SF Warehouse, 100% Occupied
    Where is this distribution property located?
    The property is located at 704 2Nd Ave 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: $550,000 asking price for a 13,000 SF warehouse.; Located at 704 2nd Ave N, Birmingham, AL 35203.; Industrial property, single-tenant, 100% occupied.
    Request Owner's contact information
    704 2Nd Ave Birmingham, AL 35203
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    Birmingham, AL 35203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    704 2Nd Ave Birmingham, AL 35203
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