2901 2Nd Ave Birmingham, AL 35233
- Office Properties & Spaces
- 55,228 SF
- 0.73 lot acres
Current Use by Public Records
- Boyd M. Dennis, Crna / Doctor
- Carter Jr Jack MD / Anesthesiologist
- Rahman Michael MD / Anesthesiologist
- Shelbie L. Sosnowchik, CRNA / Doctor
- Starling Stephen W MD / Anesthesiologist
Property Details for 2901 2Nd Ave
- Year built
- 1950
- Construction
- STEEL FRAME
- Lot size
- 0.73 lot acres
- Property size
- 55,228 SF
- Zone code
- M1
- Property type
- Office Properties & Spaces
- APN
- 23-00-31-2-008-003.000
- APU
- 2300312008003000
Description
This exceptional Birmingham, Alabama office building, located at 2901 2nd Ave S, zip code 35233, offers 52,127 square feet of versatile space in a vibrant, established location. Currently configured as a multi-tenant property, the building boasts a traditional office style and includes 2,125 square feet of immediately available vacant space. The property is ideally situated within the thriving Pepper Place district, known for its unique character and diverse businesses. Existing tenants include popular local establishments such as the Hot & Hot Fish Club, Bettola, and Red Cat Coffee House, creating a dynamic and attractive environment for prospective tenants. Convenient onsite parking is available in a lot adjacent to the building, supplementing ample street parking options. This presents a rare opportunity to acquire a well-located, established office building with immediate occupancy potential in a high-demand area of Birmingham. The building's prime location and existing tenant base provide a strong foundation for future growth and profitability. The property's 52,127 square feet provides ample space for a variety of business needs, making it an attractive investment opportunity. The 2,125 square feet of vacant space offers immediate potential for lease income or expansion for existing tenants.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $690,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $785,000
- 6.5%
- $800,000
- 7%
- $780,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $690,000
- Geo Method
- $700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $825,000
- Retail
- $710,000
- Mixed-Use
- $970,000
- Hospitality
- $905,000
- Educational
- $695,000
- Residential Income
- $950,000
- Energy
- $915,000
- Income-Based Land
- $860,000
- Food Service
- $895,000
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.7903
- Latitude
- 33.5167
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
