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    119 Hoover Ln Birmingham, AL 35242

    For Lease
    Contact for pricing

    6-Acre Commercial Lot, Prime Location

    Lot size:
    261,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 6-acre commercial land parcel presents a remarkable investment opportunity in Hoover, Alabama. Situated at the highly visible intersection of Highway 280 and Highway 119, this property benefits from exceptional traffic counts and is located within the rapidly growing Greystone and Brook Highland areas. The site is ready for immediate development, offering flexibility for build-to-suit projects or ground leases. Its strategic location provides unparalleled access to a dense population base and significant consumer traffic. The property is adjacent to a high-volume Walmart Supercenter, ensuring high visibility and convenient access for potential businesses. A strong roster of co-tenants includes well-established brands such as Chick-fil-A, Wells Fargo Bank, Lowe's, Cavender's Western Wear, and Publix, further enhancing the desirability and potential of this location. Detailed demographic and traffic data are available upon request. This is an unparalleled chance to secure a prime commercial site in one of Alabama's most dynamic markets. The property is located in Jefferson County, Alabama, with a zip code of 35242. This single-tenant land parcel offers significant potential for a variety of commercial developments.

    Property Features for 119 Hoover Ln

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    261,360 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    261,360 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Dental Office Hair Salon Building Supply Gym & Fitness Wholesale Shop Hotel & Motel 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
    -86.67351125
    Latitude
    33.420564777594

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    FAQs

    What type of property is this?
    Land - 6-Acre Commercial Lot, Prime Location
    Where is this land located?
    The property is located at 119 Hoover Ln Birmingham, AL.
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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
    119 Hoover Ln Birmingham, AL 35242
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