4800 Lake Blvd Birmingham, AL 35217
- Turn key restaurants
- 6,600 SF
- 1.60 lot acres
Current Use by Public Records
- Aviators Park / Event Venue / Warehouse
Property Details for 4800 Lake Blvd
- Year built
- 1974
- Lot size
- 1.60 lot acres
- Property size
- 6,600 SF
- Zone code
- M3
- Property type
- Turn key restaurants
- APN
- 23-00-08-4-002-048.000
- APU
- 2300084002048000
Description
This exceptional 5,500-square-foot Class A flex space in Birmingham, Alabama, presents a compelling investment opportunity. Situated on 1.311 acres at 4800 E Lake Blvd, this single-tenant property boasts a diverse layout, ideal for various commercial uses. Built in 1972 and renovated in 2016, the building features approximately 1,600 square feet of office/showroom space with a roll-up door, and a 3,900-square-foot warehouse with two additional grade-level roll-up doors and a 1,700-square-foot covered outdoor area. The property also includes a 2,400-square-foot restaurant currently under a seven-year lease, providing a stable income stream. The warehouse benefits from two 200-amp, 3-phase electrical panels. Zoned commercial, this property offers high visibility due to its location on a major thoroughfare in the rapidly developing East Lake district. The large fenced outdoor area provides ample space for parking or additional storage. This multi-use property offers strong ROI potential, combining flexible leasing options with a stable, long-term lease, making it an attractive investment in a growing Birmingham community. The property is a single-story building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $390,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $430,000
- Mixed-Use
- $405,000
- Hospitality
- $460,000
- Educational
- $435,000
- Residential Income
- $370,000
- Energy
- $470,000
- Income-Based Land
- $365,000
- Food Service
- $465,000
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.7628
- Latitude
- 33.5634
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA