Property summary
This exceptional Class A retail property, located at 2430 Morris Ave in Birmingham, Alabama, presents a unique opportunity to acquire a thriving restaurant and bar business. The 9,325 square foot space, fully renovated in 2016, boasts 6,600 square feet of indoor space and an additional 2,725 square feet of outdoor area, perfect for expanding your operations. Situated in a prime location within Birmingham's vibrant Loft District, this property benefits from exceptional visibility and accessibility, with easy access from Red Mountain Expressway (US-31/280, boasting over 80,000 vehicles per day) and 1st Avenue N (US-78, with over 28,000 vehicles per day). Ample parking is available for patrons and staff. The property is currently 100% occupied, with a lease expiring January 1, 2025. This turnkey operation is surrounded by successful entertainment venues, restaurants, and bars, ensuring a strong customer base. The building, constructed in 1924, offers a blend of historic charm and modern amenities, making it an ideal investment for discerning entrepreneurs. The asking price is $1,650,000, translating to $176.94 per square foot. This is a rare opportunity to own a well-established business in a rapidly growing area of downtown Birmingham. Don't miss out on this chance to capitalize on the thriving Birmingham restaurant scene.
Property profile
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Current use
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Bar & Pub
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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