Property profile

2400 1st N Ave Birmingham, AL 35203

OFF-MARKET
Investment properties
Property ID
US03-0849148
10,000 SF 0.11 ac lot Built 1910
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This prominent corner building at First Avenue North and 24th Street in Jefferson County offers 10,000 square feet of flexible retail and office space, currently entirely vacant and ready for immediate occupancy. The property boasts a Class B designation and underwent a complete renovation in 2023. The unique post-and-beam construction allows for completely customizable layouts on both floors, eliminating load-bearing wall restrictions. The building features two stories, with the second floor showcasing beautifully preserved historic wood flooring and modern skylights, creating a bright and airy atmosphere. High ceilings, measuring 12.5 feet, enhance the spacious feel and provide exceptional views of the Birmingham city skyline and Red Mountain. Abundant natural light streams in from windows on all sides of the building. Ample parking is available with 36 spaces. The minimum leasable space is 700 square feet, with the maximum contiguous space being the entire 10,000 square feet. This versatile property is ideal for a variety of uses and presents a unique opportunity in a highly visible location. The building is situated on a prominent corner lot, ensuring high visibility and accessibility for businesses.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1910
Total area 10,000 SF
Lot 0.11 ac (5,000 SF)
Zoning code B4
APN 22-00-36-1-009-009.000
UPID US03-0849148

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
  • Apartment Building
  • Advertising Agency Marketing & Advertising
  • General Contractor Security Service

Location

2400 1st N Ave Birmingham, AL 35203-4304
Birmingham metro Census 2701 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B4 · Birmingham, AL
Zoning description

Ordinance, when referred to in this Section, are the regulations in the B-4 Central Business District. Subsection 2. Use regulations. The use regulations are the same as those in the B-3 Community Business District. Subs…

General category COMMERCIAL

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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