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    1240 Forestdale Blvd Birmingham, AL 35214

    For Sale
    $650,000

    Birmingham, AL Storefront Investment

    Property size:
    4,245 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents two retail buildings totaling 4,245 square feet situated on a 1.16-acre lot at 1240 & 1308 Forestdale Blvd in Birmingham, Alabama. The property, zoned C-1, boasts a prime location with over 23,000 vehicles passing daily, ensuring high visibility and accessibility. Building one was constructed in 1987, while building two, renovated in 1969, dates back to 1955. The combined property features three units across two stories and provides ample parking with 50 spaces. The asking price is $650,000, translating to $153.12 per square foot. This versatile property is ideal for retail or office use, catering to a strong demographic with average household incomes between $54,931 and $65,569 within a 10-mile radius. Located in a bustling commercial district on the edge of Birmingham, this property offers significant growth potential for various business ventures. The property's strategic location and substantial traffic count make it an attractive investment in Birmingham's thriving real estate market. The property includes two buildings, offering flexibility and potential for expansion or separate leasing opportunities. This is a rare chance to acquire a well-positioned, multi-unit commercial property in a high-traffic area with a proven track record.

    Property Features for 1240 Forestdale Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,245 SF
    Class
    C
    Lot Size
    50,530 SF

    Building Details

    Buildings
    2
    Stories
    2
    Units
    3

    HighLights

    • $650,000 asking price for a 4,245 square foot retail storefront.
    • Located at 1240 & 1308 Forestdale Blvd, Birmingham, AL 35214.
    • Property consists of two buildings totaling 4,245 square feet, built in 1987 and 1955 (renovated in 1969).
    • Features 50 parking spaces on a 1.16‑acre lot, zoned C‑1.
    • High traffic count exceeding 23,000 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cash King Financial Institution

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.892503897336
    Latitude
    33.56075207493

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    FAQs

    What type of property is this?
    Individual retail property - Birmingham, AL Storefront Investment
    Where is this individual retail property located?
    The property is located at 1240 Forestdale Blvd Birmingham, AL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price for a 4,245 square foot retail storefront.; Located at 1240 & 1308 Forestdale Blvd, Birmingham, AL 35214.; Property consists of two buildings totaling 4,245 square feet, built in 1987 and 1955 (renovated in 1969).
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    1240 Forestdale Blvd Birmingham, AL 35214
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    Birmingham, AL 35214
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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
    1240 Forestdale Blvd Birmingham, AL 35214
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