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    1401 1St Ave Birmingham, AL 35222

    For Lease
    $18 SF/Yr

    100,000 SF Multi-Tenant Retail Space

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A retail development, located at 1401 1st Ave S in Birmingham, Alabama (zip code 35222), offers 100,000 square feet of versatile space across five single-story buildings. Renovated in 2023, the property boasts a minimum divisible space of 952 square feet, making it ideal for a variety of uses. Currently home to a mix of restaurants, entertainment venues, co-working spaces, and service businesses, this thriving hub is strategically positioned in Birmingham's urban core, providing unparalleled accessibility and visibility. Its prime location offers easy access to major transportation arteries including I-20/59, I-65, and the Red Mountain Expressway, ensuring convenient access for customers and employees. The property's design prioritizes community connection, featuring wide sidewalks, pocket parks, and green spaces, creating a vibrant and welcoming atmosphere. Its proximity to key areas such as the UAB campus, The Switch innovation district, the Civil Rights District, the Central Business District, and the Medical District, guarantees high foot traffic and a diverse customer base. The property's modern design emphasizes spaciousness and easy cleaning, making it a forward-thinking and adaptable space for today's needs. This is a unique opportunity to be part of a revitalized downtown Birmingham landmark. No elevators are present.

    Property Features for 1401 1St Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Class
    A
    Total Rate
    150000

    Building Details

    Year Renovated
    2023
    Buildings
    5
    Stories
    1

    Unit(s) available at that property

    Space
    Built Out Office Space
    Size
    5,104 SF
    Space
    Retail Hub - 1227 1st Ave S
    Size
    952 SF
    Rate per SF
    $32
    Space
    Retail C - 113 13th St S
    Size
    2,487 SF
    Rate per SF
    $32

    HighLights

    • Prime location in Birmingham's burgeoning Parkside District.
    • Excellent highway access via I‑20/59, I‑65, and Red Mountain Expressway.
    • High density of residential units and hotels in immediate vicinity.
    • Walkable to UAB, Innovation District, Civil Rights District, and CBD.
    • Pedestrian alley connects key destinations, enhancing walkability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Regions Field Stadium Birmingham Barons Baseball ... Baseball Club Birmingham Barons Baseball Field

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Hair Salon Dental Office Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.812308860603
    Latitude
    33.507836755116

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    FAQs

    What type of property is this?
    Individual retail property - 100,000 SF Multi-Tenant Retail Space
    Where is this individual retail property located?
    The property is located at 1401 1St Ave Birmingham, AL.
    What is the lease rate?
    The lease rate is $0.00-$32 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Birmingham's burgeoning Parkside District.; Excellent highway access via I-20/59, I-65, and Red Mountain Expressway.; High density of residential units and hotels in immediate vicinity.
    Request Owner's contact information
    1401 1St Ave Birmingham, AL 35222
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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
    1401 1St Ave Birmingham, AL 35222
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