Property profile

1 Eagle Ridge Dr Birmingham, AL 35242

OFF-MARKET
Land
8,000 SF 1.54 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Total area 8,000 SF
Lot 1.54 ac (67,082 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1 Eagle Ridge Dr Birmingham, AL 35242
Birmingham metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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