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    1 Eagle Ridge Dr Birmingham, AL 35242

    Sponsored
    For Sale
    $439,000

    1.54 Acres, Office/Institutional Zoning

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.54-acre commercial land parcel, located at 1 Eagle Ridge Dr in Birmingham, Alabama (zip code 35242), presents a unique investment opportunity. Zoned for Office and Institutional use, this property offers approximately 67,030 square feet of buildable space and boasts stunning views of Oak Mountain. Previously engineered for an approximately 8,000 square foot building, the site is ready for development. Comprehensive surveys—topographical, boundary, and site plan—are already completed, streamlining the construction process. The asking price is $439,000, translating to $54.88 per square foot. Conveniently situated off Brook Highland Parkway, with easy access to Highways 280 and 119, this location offers high visibility and proximity to the Brook Highland Shopping Center. This is one of the last remaining commercial sites in this desirable area, making it an exceptional opportunity for developers seeking a prime location with minimal pre-development hurdles. The property's strategic location and zoning make it ideal for a variety of office or medical building projects.

    Property Features for 1 Eagle Ridge Dr

    General Information

    Property type
    Land
    Square Feet
    8,000 SF
    Lot Size
    67,082 SF

    HighLights

    • 1.54± acre site (67,030± SF).
    • O & I zoning (Office and Institutional).
    • Suitable for office or medical building development.
    • Previously engineered for an ~8,000 SF building.
    • Surveys (topographical, boundary, and site) complete.
    • Eagle Ridge Drive location offers Oak Mountain views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.686531421658
    Latitude
    33.423387941782

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    FAQs

    What type of property is this?
    Land - 1.54 Acres, Office/Institutional Zoning
    Where is this land located?
    The property is located at 1 Eagle Ridge Dr Birmingham, AL.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: 1.54± acre site (67,030± SF).; O & I zoning (Office and Institutional).; Suitable for office or medical building development.
    (205) 201-7300
    Request Owner's contact information
    1 Eagle Ridge Dr Birmingham, AL 35242
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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
    1 Eagle Ridge Dr Birmingham, AL 35242
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