2001 3Rd Ave Birmingham, AL 35233
- Commercial real estate
- 478,000 SF
Current Use by Public Records
- United Investors Life Insurance Co / Insurance Agency
- Liberty National Auto Club / Insurance Agency
- Friends of Rickwood / Non-Profit Organization
Property Details for 2001 3Rd Ave
- Year built
- 1925
- Property size
- 478,000 SF
- Property type
- Commercial real estate
Description
Liberty Towers, located at 2001 3rd Ave S in Birmingham, Alabama, presents a unique redevelopment opportunity. This 26-story building (comprising a 16-story and a 10-story structure) totals 478,000 square feet and sits on a 37,877 square foot lot. Originally constructed in 1925 with additions in the 1950s and a major renovation in 1972, the property boasts significant historical character and may qualify for state and federal historic tax credits. The building offers 1,114 parking spaces and is zoned B-4. Its prime location directly across from the 20 Midtown mixed-use development (featuring 436 luxury apartments and popular retailers like Publix, Chipotle, and Starbucks) and adjacent to the University of Alabama at Birmingham (UAB), which employs 28,000 and has a student body of 22,500, provides exceptional access to a large and diverse population. This strategic position, coupled with its size and historical significance, makes Liberty Towers an attractive investment in an Opportunity Zone. The connected 16 and 10-story buildings offer a wide range of redevelopment possibilities for a discerning investor. The property's history includes a bronze replica of the Statue of Liberty, which was once atop the original structure.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8011326
- Latitude
- 33.5118197
