1855 Montgomery Hwy Hoover, AL 35244-1207
Plaza at Riverchase offers exceptional retail opportunities in Birmingham, Alabama. This 197,840 square foot mixed-use center boasts a diverse tenant mix, including national anchors Hobby Lobby and Planet Fitness, ensuring high foot traffic. Located at 1855 Montgomery Hwy, Birmingham, AL 35244, the property enjoys a prime location near I-65 and I-459, just one mile from The Galleria mall. With 850 parking spaces, the center provides ample convenience for shoppers and employees. Currently, there are 22,100 square feet of vacant space available, divisible into units as small as 1,000 square feet and up to a maximum contiguous space of 54,277 square feet. Built in 1989, this center serves a densely populated, affluent area with above-average education, per-capita income, and household income levels. Median household income has experienced significant growth, increasing by 51% since 2000. The center's location on a high-traffic corridor, combined with its strong tenant base offering health and wellness services, grocery, and restaurants, presents a compelling investment opportunity. This property is ideally suited for businesses seeking exposure in a thriving Birmingham market.
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
PC · Hoover, ALHoover. 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.