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    1155 Bankhead Hwy Birmingham, AL 35204

    For Lease
    $2 SF/Yr

    Versatile Office & Retail, Abundant Parking

    Lot size:
    106,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Westgate Shopping Center presents a unique investment opportunity in Jefferson County. This Class A, 106,100 square foot property, built in 1965, sits on a 12-acre lot and offers diverse space options. The zoning is B2 Commercial, allowing for a variety of uses. Currently, there are six available spaces ranging from 1,300 to 190,000 square feet, perfect for coworking, traditional office, executive suites, medical practices, or creative businesses. The property features a single story building with ample parking for 136 vehicles, ensuring convenient access for tenants and customers. The minimum divisible space is 1,300 square feet, making it ideal for smaller businesses or startups. The location benefits from proximity to densely populated residential areas, with an average household income within a 5-mile radius of $49,000 and a population of 143,000, providing a strong customer base. High traffic volume and aggressive leasing rates make this a compelling investment. The property's multiple tenancy structure offers flexibility and potential for diverse income streams. This is a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential.

    Property Features for 1155 Bankhead Hwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    106,100 SF
    Class
    A
    Total Rate
    22104.17

    Building Details

    Year Built
    1965
    Stories
    1

    Unit(s) available at that property

    Space
    parking lot one
    Size
    60,000 SF
    Space
    parking lot two
    Size
    190,000 SF
    Space
    1147
    Size
    1,500 SF
    Rate per SF
    $12
    Space
    1155C
    Size
    13,000 SF
    Rate per SF
    $2
    Space
    1155D
    Size
    20,000 SF
    Rate per SF
    $2
    Space
    1155G
    Size
    9,000 SF
    Rate per SF
    $2

    HighLights

    • Westgate Shopping Center: 106,100 total square feet.
    • Multiple tenancies available, minimum 1,300 square feet.
    • 12‑acre lot size.
    • Class A building, built in 1965, single story.
    • 136 parking spaces.
    • B2 Commercial zoning in Jefferson County.
    Property Profile Location Intelligence

    Current Use by Public Records

    78 Mini Mall Flea Market Magic City Event ... Event Venue All Black Everthang ... Spiritist Center All Black Everythang ... Spiritist Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.857569540087
    Latitude
    33.532926745252

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    FAQs

    What type of property is this?
    Office space - Versatile Office & Retail, Abundant Parking
    Where is this office space located?
    The property is located at 1155 Bankhead Hwy Birmingham, AL.
    What is the lease rate?
    The lease rate is $0.00-$12 SF/Yr.
    What are key features of this property?
    This property features: Westgate Shopping Center: 106,100 total square feet.; Multiple tenancies available, minimum 1,300 square feet.; 12-acre lot size.
    Request Owner's contact information
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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
    1155 Bankhead Hwy Birmingham, AL 35204
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