Property profile

3196 Us-280 Birmingham, AL 35243

OFF-MARKET
Office Spaces
420,460 SF 9 ac lot Built 1983
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1983
Total area 420,460 SF
Lot 9 ac (392,127 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3196 Us-280 Birmingham, AL 35243
Birmingham metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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