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201 Richard Arrington Jr Blvd Birmingham, AL 35233

OFF-MARKET Retail properties & Spaces Google Maps
8,400 SF
Estimated value
No estimation on file for this property yet.
Property ID US03-0728113

Property summary

AI-generated overview

This exceptional 8,400 square foot storefront property presents a compelling redevelopment opportunity in Birmingham's vibrant Midtown area. Situated on a prominent 0.33-acre hard corner lot, this single-story building offers significant potential for owner-users or investors seeking a multi-tenant redevelopment project. Currently configured as a mixed-use space encompassing retail, office, and multifamily elements, the property boasts three existing tenants under a NNN lease structure. Its prime location places it directly adjacent to the 20 Midtown Phase III development, ensuring high visibility and access to a thriving community. The property includes convenient on-site parking, a significant advantage in a densely populated urban setting. This is an ideal chance to capitalize on the burgeoning growth of Birmingham's Midtown, creating a modern and functional space tailored to the demands of the market. The existing building provides a solid foundation for a variety of redevelopment scenarios, from a complete overhaul to a strategic renovation and repositioning. The property's size and location make it an attractive investment for those seeking a high-impact project with substantial long-term returns. This is a rare opportunity to acquire a significant piece of Birmingham's evolving urban landscape. The property is located at 201 Richard Arrington Jr Blvd S, Birmingham, AL 35233, in Jefferson County.

Property profile

Verified
Property type Retail properties & Spaces
Total area 8,400 SF
UPID US03-0728113

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Hotel & Motel Resort
  • Community Center

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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