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    2001 3Rd Ave Birmingham, AL 35233

    For Sale
    Contact for pricing

    478,000 SF Executive Office Building

    Property size:
    478,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Liberty Towers, located at 2001 3rd Ave S in Birmingham, Alabama, presents a unique redevelopment opportunity. This 26-story building (comprising a 16-story and a 10-story structure) totals 478,000 square feet and sits on a 37,877 square foot lot. Originally constructed in 1925 with additions in the 1950s and a major renovation in 1972, the property boasts significant historical character and may qualify for state and federal historic tax credits. The building offers 1,114 parking spaces and is zoned B-4. Its prime location directly across from the 20 Midtown mixed-use development (featuring 436 luxury apartments and popular retailers like Publix, Chipotle, and Starbucks) and adjacent to the University of Alabama at Birmingham (UAB), which employs 28,000 and has a student body of 22,500, provides exceptional access to a large and diverse population. This strategic position, coupled with its size and historical significance, makes Liberty Towers an attractive investment in an Opportunity Zone. The connected 16 and 10-story buildings offer a wide range of redevelopment possibilities for a discerning investor. The property's history includes a bronze replica of the Statue of Liberty, which was once atop the original structure.

    Property Features for 2001 3Rd Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    478,000 SF

    Building Details

    Year Built/Renovated
    1925/1972
    Stories
    26

    HighLights

    • Prime location adjacent to UAB, employing 28,000 and generating a $12.1 billion economic impact in 2022, with 22,500 students.
    • Across the street from 20 Midtown mixed‑use development with 436 luxury apartments and numerous national retailers.
    • Two connected buildings: a 16‑story and a 10‑story structure, offering significant redevelopment potential.
    • Originally constructed in 1925 as an 11‑story building.
    • Expanded in the 1950s, formerly featuring a Lady Liberty replica.
    • Potentially eligible for state and federal historic tax credits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United Investors Life ... Insurance Agency Liberty National Auto ... Insurance Agency Friends of Rickwood Non-Profit Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8011326
    Latitude
    33.5118197

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    FAQs

    What type of property is this?
    Multifamily property - 478,000 SF Executive Office Building
    Where is this multifamily property located?
    The property is located at 2001 3Rd Ave Birmingham, AL.
    What are key features of this property?
    This property features: Prime location adjacent to UAB, employing 28,000 and generating a $12.1 billion economic impact in 2022, with 22,500 students.; Across the street from 20 Midtown mixed-use development with 436 luxury apartments and numerous national retailers.; Two connected buildings: a 16-story and a 10-story structure, offering significant redevelopment potential.
    Request Owner's contact information
    2001 3Rd Ave Birmingham, AL 35233
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    Birmingham, AL 35233
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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
    2001 3Rd Ave Birmingham, AL 35233
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