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    1318 1St Ave Birmingham, AL 35203

    Sponsored
    For Sale
    $1,225,000

    Prime location, 22,995 SF, vacant.

    Property size:
    22,995 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 22,995-square-foot flex/warehouse property in Birmingham, Alabama, presents a compelling investment opportunity. Located at 1318 1st Ave N, this vacant building offers a unique blend of warehouse and light industrial space, ideal for a variety of uses. The property boasts impressive 13-14 foot clear ceiling heights and two convenient drive-in doors, enhancing operational efficiency. Its strategic location provides unparalleled access to major transportation arteries, including I-65 (two blocks away) and I-20/59 (nine blocks away), facilitating seamless logistics. Situated just seven blocks from downtown Birmingham and two blocks from Parkside, this property benefits from proximity to the Central Business District, Civil Rights District, Fourth Avenue Business District, and Railroad Park, Birmingham's largest urban green space. The area is also highly walkable, with over 2,000 residential units, numerous restaurants, and entertainment options within easy reach. The asking price is $1,225,000, translating to $53.27 per square foot. This property is offered as a NNN lease. The building's character and flexible layout allow for the creation of various suite sizes, catering to diverse business needs. This is a rare chance to acquire a well-positioned industrial property in a thriving urban environment.

    Property Features for 1318 1St Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    22,995 SF

    HighLights

    • 13'-14' clear ceiling height with two drive‑in doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.814600487385
    Latitude
    33.510284939353

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    FAQs

    What type of property is this?
    Distribution property - Prime location, 22,995 SF, vacant.
    Where is this distribution property located?
    The property is located at 1318 1St Ave Birmingham, AL.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: 13'-14' clear ceiling height with two drive-in doors.; ;
    Request Owner's contact information
    1318 1St Ave Birmingham, AL 35203
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    Birmingham, AL 35203
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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
    1318 1St Ave Birmingham, AL 35203
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