Property profile

3240 Fayette Ave Birmingham, AL 35208

FOR SALE
Office Spaces
Property ID
US03-1039241
2,160 SF 5.44 ac lot Built 1950
Entity Owned Absentee Owner Free & Clear
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For Sale
$500,000 2,160 SF
3240 Fayette Ave, Birmingham, AL 35208
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Property summary

AI-generated overview

This exceptional 10.3-acre commercial and industrial land parcel presents a unique investment opportunity in Birmingham, Alabama. Located at 3240 Fayette Ave, in Jefferson County, zip code 35208, this flat site boasts convenient access to major transportation arteries. The property is zoned I-1 and I-2, allowing for a wide range of industrial and commercial uses. A significant advantage is its immediate adjacency to the $46 million Birmingham Crossplex development, promising substantial synergy and growth potential. The site itself is partially paved and features all utilities readily available on-site. Excellent interstate access is provided via exit 123, ensuring seamless logistics and efficient transportation of goods. Furthermore, the property's proximity to CSX Rail provides an additional logistical advantage for businesses requiring rail access. The asking price for this strategically located and well-equipped property is $500,000. This represents a compelling investment opportunity given its size, zoning, location, and access to key infrastructure.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1950
Total area 2,160 SF
Lot 5.44 ac (237,141 SF)
Zoning code M2
APN 29-00-05-4-002-001.000
UPID US03-1039241

Cap rate & NOI

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

Location

3240 Fayette Ave Birmingham, AL 35208
Birmingham metro Census 3900 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Zoning & alternative use

M2 · Birmingham, AL
Zoning description

Section 3. M-2, Heavy Industrial District. Subsection 1. Generally. The regulations set forth in this Section or set forth in this Ordinance, when referred to in this Section, are the regulations of the M-2 Heavy Industr…

General category INDUSTRIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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