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    1415 3Rd Ave Birmingham, AL 35233

    For Lease
    $28 SF/Yr

    Prime Birmingham Restaurant Space, 1470 SF

    Lot size:
    1,470 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1,470 square foot retail or restaurant space is located in Birmingham, Alabama, at 1415 3rd Ave S, zip code 35233. Built in 2021 and renovated in 2022, this Class B property offers a single tenancy in a one-story building. The space boasts a prominent corner location ensuring high brand visibility. Its strategic position directly across the street from Regions Field provides unparalleled exposure to a large and diverse customer base. Further enhancing its appeal, the property sits beneath 228 luxury apartment units, guaranteeing a built-in customer pool. This vibrant location is nestled in the heart of the bustling Parkside District, offering immediate access to a thriving community. The property's proximity to the University of Alabama at Birmingham's campus and medical district, with over 50,000 students and employees, presents a significant opportunity to tap into a substantial and consistent customer demographic. This prime location offers an unparalleled chance to establish a successful business in a high-traffic, high-visibility area. The property is ready for immediate occupancy.

    Property Features for 1415 3Rd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,470 SF
    Class
    B

    Building Details

    Year Built/Renovated
    2021/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,470 SF
    Rate per SF
    $37
    Property Profile Location Intelligence

    Current Use by Public Records

    The Palmer Parkside Apartments Apartment Building Perform 4A Purpose ... Comedy Club Pierce Godwin - Ashford ... Financial Planner Pierce Godwin - Thrivent ... Financial Planner PFI Solutions Consultant

    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
    -86.810712519532
    Latitude
    33.506164847667

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    FAQs

    What type of property is this?
    Restaurant - Prime Birmingham Restaurant Space, 1470 SF
    Where is this restaurant located?
    The property is located at 1415 3Rd Ave Birmingham, AL.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    Request Owner's contact information
    1415 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
    1415 3Rd Ave Birmingham, AL 35233
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