1074 Forestdale Blvd Birmingham, AL 35214
- Turn key restaurants
- 7,221 SF
- 1.50 lot acres
Current Use by Public Records
- BAMM BAMMZ BINGO / Bingo Hall
Property Details for 1074 Forestdale Blvd
- Year built
- 1980
- Lot size
- 1.50 lot acres
- Property size
- 7,221 SF
- Zone code
- C1
- Property type
- Turn key restaurants
- APN
- 22-00-18-4-004-012.000
- APU
- 2200184004012000
Description
This vacant 6,721 square foot restaurant building in Birmingham, Alabama, presents a compelling value-add investment opportunity. Located at 1074 Forestdale Blvd, this C-Class property, built in 1980, sits on a substantial 72,034 square foot lot and is zoned C1, offering versatility for various commercial uses beyond restaurants, such as medical facilities or funeral homes. The asking price is $390,000, translating to $58.03 per square foot. Its prime location within the Birmingham MSA ensures high visibility and convenient access for customers. The property's vacant status allows for immediate customization and development to suit a new owner's vision. This presents a unique chance to capitalize on the Birmingham market's potential. The building's size and zoning flexibility make it an attractive prospect for entrepreneurs and investors seeking a strong foothold in a thriving commercial area. The substantial lot size also offers potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-situated property in a desirable location at an attractive price point.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $170,000
- 7%
- $155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $150,000
- Retail
- $195,000
- Mixed-Use
- $180,000
- Hospitality
- $200,000
- Educational
- $180,000
- Residential Income
- $170,000
- Energy
- $155,000
- Income-Based Land
- $180,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8902
- Latitude
- 33.5565
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA