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    1074 Forestdale Blvd Birmingham, AL 35214

    Sponsored
    For Sale
    $390,000

    6,721 SF Restaurant, Value-Add Opportunity

    Property size:
    6,721 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This vacant 6,721 square foot restaurant building in Birmingham, Alabama, presents a compelling value-add investment opportunity. Located at 1074 Forestdale Blvd, this C-Class property, built in 1980, sits on a substantial 72,034 square foot lot and is zoned C1, offering versatility for various commercial uses beyond restaurants, such as medical facilities or funeral homes. The asking price is $390,000, translating to $58.03 per square foot. Its prime location within the Birmingham MSA ensures high visibility and convenient access for customers. The property's vacant status allows for immediate customization and development to suit a new owner's vision. This presents a unique chance to capitalize on the Birmingham market's potential. The building's size and zoning flexibility make it an attractive prospect for entrepreneurs and investors seeking a strong foothold in a thriving commercial area. The substantial lot size also offers potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-situated property in a desirable location at an attractive price point.

    Property Features for 1074 Forestdale Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    6,721 SF
    Class
    C

    Building Details

    Year Built
    1980

    HighLights

    • 6,721 SF building suitable for retail or restaurant use.
    • Built in 1980.
    • C1 zoning allows diverse commercial uses.
    • Excellent Birmingham MSA location.
    • High visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    BAMM BAMMZ BINGO Bingo Hall

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.88940006
    Latitude
    33.5568867

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    FAQs

    What type of property is this?
    Restaurant - 6,721 SF Restaurant, Value-Add Opportunity
    Where is this restaurant located?
    The property is located at 1074 Forestdale Blvd Birmingham, AL.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: 6,721 SF building suitable for retail or restaurant use.; Built in 1980.; C1 zoning allows diverse commercial uses.
    Request Owner's contact information
    1074 Forestdale Blvd Birmingham, AL 35214
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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
    1074 Forestdale Blvd Birmingham, AL 35214
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