2430 Morris Ave Birmingham, AL 35203
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.
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Carrigan's Public House [21+ Only] Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.