2001 Park Pl, Birmingham, AL 35203-2709
- Office Spaces
- 72,356 SF
- 1.09 lot acres
Current Use by Public Records
- Gifts & Notions / (Bike/Boat/Book/etc) Store
- Hess Mark D / Law Firm
- Whatley Kallas LLP / Law Firm
- Johnson John S / Law Firm / Insurance Agency
- Bressler, Amery & Ross, P.C. / Law Firm
Property Details for 2001 Park Pl
- Year built
- 1981
- Construction
- CONCRETE
- Lot size
- 1.09 lot acres
- Zone code
- B4
- Property type
- Office Spaces
- APN
- 22-00-36-2-022-001.000
- APU
- 2200362022001000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 2, 2021 | $16,750,000 | Renasant Place Owners LLC | Park Place Tower Investments LLC | Warranty Deed | $21.9M · Ladder Capital Finance |
| Jun 6, 2011 | — | Park Place Tower Inv LLC | Owner Name Unavailable | Grant Deed · related | — |
| Jun 13, 1996 | $16,960,143 | Whml-s Real Estate | Whml-s,real Esta | Grant Deed · related | — |
Description
Located in the heart of Birmingham's legal and financial district, Renasant Place offers a diverse range of office spaces, perfect for businesses of all sizes. This Class A, 15-story building, totaling 284,189 square feet, underwent a complete renovation in 2022. The property boasts flexible space options, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 60,000 square feet, accommodating businesses with varying needs. Situated on a 1.09-acre lot at the southwest corner of Park Place North and 20th Street, it provides convenient access to major highways including I-20/59, I-65, and the Red Mountain Expressway. Its central location places it within walking distance of key city landmarks such as City Hall, the Jefferson County Courthouse, the Tutwiler Hotel, the Library, the Museum of Art, and Uptown. Building amenities include 24-hour security, on-site proactive management, tenant conference and training rooms, a virtual grab-n-go cantina, a tenant breakroom, on-site storage, a fitness facility, and a tenant recreation area with outdoor seating. With 343 parking spaces and elevators, this property offers unparalleled convenience and accessibility. The building is available for multiple tenancies. This exceptional location and comprehensive amenities make Renasant Place an ideal choice for businesses seeking a prestigious and functional office space in the vibrant city of Birmingham, Alabama. The building was originally constructed in 1981.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $8,860,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $14,000,000
- 6.5%
- $12,925,000
- 7%
- $12,000,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,952,000
- AI Estimate
- $8,192,000
Market price range: $3.13M - $12.0MMarket price range: $1.90M - $8.19M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $8,160,000 Current use
- RESTAURANT
- $19,785,000 Change: +142% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $19,560,000 Change: +140% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $14,590,000 Change: +79% Conversion: Moderate
- MEDICAL BUILDING
- $12,880,000 Change: +58% Conversion: Easy
- OFFICE BUILDING
- $12,100,000 Change: +48% Conversion: Easy
- AUTO REPAIR, GARAGE
- $11,650,000 Change: +43% Conversion: Difficult
- RETAIL STORES
- $8,850,000 Change: +8% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8098
- Latitude
- 33.5193
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
