2223 7Th Ave Birmingham, AL 35233
- Office Properties & Spaces
- 76,807 SF
- 1.28 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2223 7Th Ave
- Lot size
- 1.28 lot acres
- Property size
- 76,807 SF
- Property type
- Office Properties & Spaces
Description
This exceptional redevelopment opportunity presents 1.28 acres of land encompassing a 76,807 square foot office building in Birmingham, Alabama's desirable Southside. Strategically located on University Boulevard, this property boasts over 100,000 vehicles per day in traffic counts, connecting I-65 and US Hwy 31/280. Its proximity to UAB Hospital (1,207 beds), the University (21,500 students), Children's Hospital, St. Vincent's Hospital, and the VA Hospital provides immediate access to a substantial workforce and patient population. The property benefits from the adjacency to the 22-acre, 850,000 square foot Edgehill at Southtown mixed-use development and is near over $200 million in new UAB and Southern Research Center projects. The existing building generates immediate income from its current tenants and 54 surface parking spaces. The M1 zoning allows for diverse development options. This location is within 1.5 miles of affluent Mountain Brook and Homewood. Birmingham's resilient economy, driven by healthcare, higher education, and other key sectors, ensures long-term market stability. The property's location within a Federal Opportunity Zone and eligibility for local tax incentives further enhances its investment appeal. The asking price is $2,676,326, with a price per square foot of $34.84. UAB's significant economic impact, exceeding $12.1 billion and supporting over 107,000 jobs, underscores the area's growth potential. This is a rare infill site offering substantial upside for the discerning investor.
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
- -86.7959
- Latitude
- 33.5073
