1145 Forestdale Blvd Birmingham, AL 35214
- Office Properties & Spaces
- 2,310 SF
- 0.41 lot acres
Current Use by Public Records
- Forestdale Pharmacy / Pharmacy
- US Title Loans / Loan Agency
Property Details for 1145 Forestdale Blvd
- Year built
- 1984
- Lot size
- 0.41 lot acres
- Property size
- 2,310 SF
- Zone code
- C1
- Property type
- Office Properties & Spaces
- APN
- 22-00-18-4-002-001.001
- APU
- 2200184002001001
Description
This exceptional commercial property located at 1145 FORESTDALE BOULEVARD in Birmingham, Alabama, presents a rare opportunity for immediate occupancy. Situated on a 0.41-acre lot, the building offers a versatile space previously used as a fast-food restaurant and more recently as a pharmacy. The adaptable layout allows for a variety of commercial uses, minimizing the need for extensive renovations before commencing operations. Significant improvements have been undertaken by the seller, encompassing substantial upgrades to the plumbing, electrical systems, roofing, and flooring. These upgrades ensure a move-in ready condition, reducing upfront costs and accelerating the return on investment. The building's history demonstrates its suitability for various commercial ventures, offering a solid foundation for a new business or expansion. The motivated seller is eager to facilitate a swift transaction, making this an attractive proposition for discerning investors and entrepreneurs seeking a turnkey commercial space in a desirable Birmingham location. The property is priced competitively at $399,000, reflecting its excellent condition and immediate operational readiness. This presents a compelling opportunity to acquire a well-maintained commercial building with minimal capital expenditure required for immediate use. The property's size and location make it an ideal investment for a variety of businesses seeking a convenient and established presence in Birmingham.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $230,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $245,000
- Mixed-Use
- $310,000
- Hospitality
- $275,000
- Educational
- $240,000
- Residential Income
- $280,000
- Energy
- $240,000
- Income-Based Land
- $275,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8906
- Latitude
- 33.5592
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA