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    1901 3Rd Ave Birmingham, AL 35203

    For Sale
    $3,500,000

    Historic 52,121 SF Office Building

    Property size:
    52,121 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This prime redevelopment opportunity presents a unique chance to acquire a historic 52,121 square foot office building situated at the highly visible corner of 3rd Avenue North and 19th Street in downtown Birmingham, Alabama. Built in 1930, this single-tenant property offers significant potential for adaptive reuse within a designated Opportunity Zone. The asking price has been reduced to $3,500,000, translating to a price per square foot of $67.15. Its central location provides easy access to the Birmingham Central Business District (CBD), the University of Alabama at Birmingham (UAB), and major interstate highways. The property's substantial size and prominent location make it an ideal candidate for a variety of redevelopment projects, capitalizing on its rich history and strategic position within the city. This is a rare chance to acquire a significant piece of Birmingham's history and transform it into a thriving modern asset. The property is located in Jefferson County, Alabama, with a zip code of 35203.

    Property Features for 1901 3Rd Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    52,121 SF

    Building Details

    Year Built
    1930

    HighLights

    • Asking price reduced to $3,500,000.
    • 52,121 square feet available.
    • Centrally located near Birmingham CBD, UAB, and major interstates.
    • Historic 1930s building.
    • Prime redevelopment opportunity in an Opportunity Zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    California Fashion Mall Clothing Store

    Suggested Use

    Realty agency Spa & Massage Hair Salon Nail Salon Daycare Center Restaurant Clothing Store Building Supply Kitchen & Bath HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.808374041612
    Latitude
    33.515676291475

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    FAQs

    What type of property is this?
    Office Property / Space - Historic 52,121 SF Office Building
    Where is this office property / space located?
    The property is located at 1901 3Rd Ave Birmingham, AL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Asking price reduced to $3,500,000.; 52,121 square feet available.; Centrally located near Birmingham CBD, UAB, and major interstates.
    (205) 202-0814
    Request Owner's contact information
    1901 3Rd 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
    1901 3Rd Ave Birmingham, AL 35203
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