Technical
Financial
Distress signals
Property profile

2520 16th N St Birmingham, AL 35204

OFF-MARKET
Retail properties & Spaces
Property ID
US03-0721316
1,332 SF 0.11 ac lot Built 1945
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This thriving bar, located at 2520 16th St N in Birmingham, Alabama, presents a compelling investment opportunity. Priced at $130,000, this 1,300 square foot establishment sits on a 5,000 square foot lot and is housed in a single-story, 1945-built building. The property's Class C designation reflects its potential for renovation and enhancement. Currently zoned for beauty and barber services, the property offers flexibility for future uses. Its prime location in downtown Birmingham ensures high visibility and significant foot traffic, contributing to its strong revenue potential. The bar's established presence within the community provides a solid foundation for continued success. This is an exceptional chance to acquire a well-situated commercial property with immediate income potential in a vibrant urban setting. The property's size and location make it an ideal investment for both seasoned entrepreneurs and those seeking a profitable venture in a thriving market. The asking price represents a significant value proposition for a business already generating revenue in a high-demand area. Serious inquiries are encouraged to explore this unique opportunity further.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1945
Total area 1,332 SF
Lot 0.11 ac (5,000 SF)
Zoning code B2
APN 22-00-23-3-028-007.000
UPID US03-0721316

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
  • Bar & Pub Restaurant

Location

2520 16th N St Birmingham, AL 35204-1243
Birmingham metro Census 1200 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2016
1 recorded transaction
2016
$7,500

Zoning & alternative use

B2 · Birmingham, AL
Zoning description

Section 2. B-2 General Business District Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations in the B-2 Gener…

General category CIVIC_INSTITUTIONAL

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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