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    1120 2Nd Ave Birmingham, AL 35233

    For Sale
    Contact for pricing

    4.1 Acres, Birmingham, AL - Mixed Use

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 4.1-acre commercial land parcel presents a unique development opportunity in Birmingham, Alabama's thriving Parkside District. Situated adjacent to the University of Alabama at Birmingham (UAB), the largest employer in Alabama with over 24,000 employees and 22,000 students, this property offers unparalleled access to a substantial workforce and student population. The site consists of two contiguous parcels, allowing for flexible configuration to suit diverse development needs. Zoned MUD (Mixed Use Development), this location permits a wide range of uses, including dense mixed-use projects, retail, office, entertainment, residential apartments, student housing, townhomes, and condominiums. Importantly, there are no stated parking, setback, or height restrictions. Located within an Opportunity Zone, this urban infill site benefits from potential tax credits and abatements, further enhancing its investment appeal. High barriers to entry underscore the scarcity of such large, undeveloped properties in this prime location. Due diligence materials, including comparable sales data, conceptual plans, environmental reports, and ADEM No Further Action Letters, are available upon execution of a Confidentiality Agreement. The land is priced at $58 per square foot.

    Property Features for 1120 2Nd Ave

    General Information

    Property type
    Land
    Lot Size
    178,596 SF

    HighLights

    • 4.1‑acre commercial land parcel in Birmingham, AL.
    • Located in the Parkside District, adjacent to the University of Alabama at Birmingham (UAB).
    • Mixed‑Use Development (MUD) zoning allows for diverse development options, including retail, office, entertainment, residential apartments, student housing, townhomes, and condominiums.
    • Land value: $58/SF.
    • Situated in an Opportunity Zone, offering potential tax benefits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Jefferson
    State
    Alabama
    Longitude
    -86.8149489
    Latitude
    33.5057029

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    FAQs

    What type of property is this?
    Land - 4.1 Acres, Birmingham, AL - Mixed Use
    Where is this land located?
    The property is located at 1120 2Nd Ave Birmingham, AL.
    What are key features of this property?
    This property features: 4.1-acre commercial land parcel in Birmingham, AL.; Located in the Parkside District, adjacent to the University of Alabama at Birmingham (UAB).; Mixed-Use Development (MUD) zoning allows for diverse development options, including retail, office, entertainment, residential apartments, student housing, townhomes, and condominiums.
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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
    1120 2Nd Ave Birmingham, AL 35233
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