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    3240 Fayette Ave Birmingham, AL 35208

    For Sale
    $500,000

    Prime 10.3-acre site, I-1 & I-2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 10.3-acre commercial and industrial land parcel presents a unique investment opportunity in Birmingham, Alabama. Located at 3240 Fayette Ave, in Jefferson County, zip code 35208, this flat site boasts convenient access to major transportation arteries. The property is zoned I-1 and I-2, allowing for a wide range of industrial and commercial uses. A significant advantage is its immediate adjacency to the $46 million Birmingham Crossplex development, promising substantial synergy and growth potential. The site itself is partially paved and features all utilities readily available on-site. Excellent interstate access is provided via exit 123, ensuring seamless logistics and efficient transportation of goods. Furthermore, the property's proximity to CSX Rail provides an additional logistical advantage for businesses requiring rail access. The asking price for this strategically located and well-equipped property is $500,000. This represents a compelling investment opportunity given its size, zoning, location, and access to key infrastructure.

    Property Features for 3240 Fayette Ave

    General Information

    Property type
    Land
    Lot Size
    448,668 SF

    HighLights

    • $500,000 asking price.
    • 10.3‑acre land parcel.
    • I‑1 & I‑2 zoning.
    • Partially paved, flat site with all utilities on‑site.
    • Excellent interstate access via exit 123 and adjacent to CSX Rail.
    • Located near the $46M Birmingham Crossplex development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -86.866914223784
    Latitude
    33.498191280943

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    FAQs

    What type of property is this?
    Land - Prime 10.3-acre site, I-1 & I-2 zoning.
    Where is this land located?
    The property is located at 3240 Fayette Ave Birmingham, AL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price.; 10.3-acre land parcel.; I-1 & I-2 zoning.
    Request Owner's contact information
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    Birmingham, AL 35208
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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
    3240 Fayette Ave Birmingham, AL 35208
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