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Property profile & analytics
FOR SALE
Investment properties

1318 1St Ave N Birmingham, AL 35203

3,250 SF 0.53 ac lot Built 1940
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US03-3074666
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 3,250 SF
Lot 0.53 ac (23,000 SF)
Zoning code M1
APN 22-00-35-4-006-008.000
UPID US03-3074666
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Yellowtops LLC · 4 yrs held
Yellowtops LLC
since 2022
2 recorded transactions
2022
$1.1M
2020
$650,000
Zoning & alternative use
M1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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