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Property profile & analytics
OFF-MARKET Estimated value $905,000
Investment properties

2614 31st N Ave Birmingham, AL 35207-4507

4,000 SF 0.1 ac lot Built 1983
Entity Owned Free & Clear
Property ID
US03-0636197
Property summary
AI-generated overview

This exceptional 3,648 square foot retail property, located at 2614 31st Ave N in Birmingham, Alabama, presents a unique investment opportunity. Currently vacant, this single-story, Class C building offers immense potential for a variety of uses, including convenience store, restaurant, or storefront retail. Built in 1983, the property sits on a single unit and boasts a desirable B2 zoning designation. The asking price is $225,000, translating to $61.68 per square foot. Its strategic location just north of downtown Birmingham provides unparalleled access to major transportation arteries, including I-20 and I-65, ensuring high visibility and convenient access for customers. The property benefits significantly from its proximity to key traffic generators such as Regions Field, Protective Stadium, the University of Alabama at Birmingham, and UAB Hospital, guaranteeing a consistent flow of potential customers. This prime location within Jefferson County, zip code 35207, offers investors a chance to capitalize on Birmingham's thriving market. The property's vacant status allows for immediate customization and tenant selection, making it an ideal investment for those seeking a flexible and high-potential commercial space. Don't miss this chance to acquire a well-positioned retail property in a dynamic and rapidly growing area.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1983
Total area 4,000 SF
Lot 0.1 ac (4,200 SF)
Zoning code B2
APN 22-00-14-4-025-004.002
UPID US03-0636197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Shoe Show Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$715k
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$905k
Owner & transaction history
HERMITAGE PLACE LIMITED
HERMITAGE PLACE LIMITED
Zoning & alternative use
B2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.1M +101.1%
Medical building $710,000 +32.4%
Office building $670,000 +24.4%
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