1318 1St Ave N Birmingham, AL 35203
For Sale
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This exceptional 22,995-square-foot flex/warehouse property in Birmingham, Alabama, presents a compelling investment opportunity. Located at 1318 1st Ave N, this vacant building offers a unique blend of warehouse and light industrial space, ideal for a variety of uses. The property boasts impressive 13-14 foot clear ceiling heights and two convenient drive-in doors, enhancing operational efficiency. Its strategic location provides unparalleled access to major transportation arteries, including I-65 (two blocks away) and I-20/59 (nine blocks away), facilitating seamless logistics. Situated just seven blocks from downtown Birmingham and two blocks from Parkside, this property benefits from proximity to the Central Business District, Civil Rights District, Fourth Avenue Business District, and Railroad Park, Birmingham's largest urban green space. The area is also highly walkable, with over 2,000 residential units, numerous restaurants, and entertainment options within easy reach. The asking price is $1,225,000, translating to $53.27 per square foot. This property is offered as a NNN lease. The building's character and flexible layout allow for the creation of various suite sizes, catering to diverse business needs. This is a rare chance to acquire a well-positioned industrial property in a thriving urban environment.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Birmingham, ALBirmingham. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.