3196 Us-280 Birmingham, AL 35243
This exceptional 420,460 square foot, three-story office building in Birmingham, Alabama, presents a unique investment opportunity. Located at 3196 US-280, this property boasts a prime location at the intersection of I-459 and Highway 280, directly across from The Summit, Birmingham's premier retail destination. Built in 1983 by AT&T as its Alabama operations center, the building exemplifies institutional quality construction and design, having won multiple awards for architectural and engineering excellence. Its environmentally conscious design features included a green roof with solar panels (now decommissioned) and integration into the natural topography to minimize heat load. The picturesque setting includes a 5.5-acre man-made lake and extensive wooded areas with miles of walking trails. The property sits within a master-planned development, adjacent to two recently completed luxury residential communities. Zoned Q-C2 (Qualified General Commercial District), this 9.002-acre lot offers incredible potential for various uses. The asking price is $3,500,000, translating to a remarkably low price per square foot of $8.32. The building is currently vacant, providing immediate flexibility for the new owner. This low basis makes it a compelling investment for a wide range of buyers.
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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
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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.