1074 Forestdale Blvd Birmingham, AL 35214
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.
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BAMM BAMMZ BINGO Bingo Hall
1. Neighborhood Commercial (C-1) District. The neighborhood commercial district is designed to allow for areas of neighborhood retail and services that meet the day-to-day needs of residents and workers of sur rounding neighborhoods (typically within a 1 -mile radius) Uses in this district include: smaller grocery stores, banks, restaurants and services such…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
C1 · Birmingham, AL1. Neighborhood Commercial (C-1) District. The neighborhood commercial district is designed to allow for areas of neighborhood retail and services that meet the day-to-day needs of residents and workers of sur rounding neighborhoods (typically within a 1 -mile radius) Uses in this district include: smaller grocery stores, banks, restaurants and services such as small professional and health offices, barber/beauty shops, dry cleaners, small - to medium -scale offices, schools, churches, and neighborhood -serving public uses. This district is
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.