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Property profile & analytics
OFF-MARKET Estimated value $675,000
Turn key restaurants

348 Finley W Ave Birmingham, AL 35204-1050

8,949 SF 1.24 ac lot Built 1958
Individually Owned Free & Clear
Property ID
US03-0529559
Property summary
AI-generated overview

Exceptional redevelopment opportunity in Birmingham, Alabama! This offering encompasses a fully-equipped, 8,313-square-foot vacant restaurant building situated on a 1.29-acre lot. The property features multiple dining areas suitable for both open and private settings, and ample parking. The restaurant is zoned M1. This sale also includes two additional vacant lots: a 0.69-acre level corner lot across the street, zoned CB1, and a 0.29-acre corner lot at 351 22nd Ave West, also zoned CB1. The entire property is priced at $595,000, representing a price per square foot of $71.57. The location provides convenient access to major thoroughfares, including I-65, I-20/59, and Highway 78, all within a three-minute drive or less. This presents a unique chance to acquire a substantial property with significant redevelopment potential in a prime Birmingham location. The single-story building sits on one lot, while the additional lots offer expansion or development possibilities. This is a for sale by owner listing.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Total area 8,949 SF
Lot 1.24 ac (53,971 SF)
Zoning code M1
APN 22-00-27-2-003-001.001
UPID US03-0529559
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
  • America's Thrift Stores - Donation Bin Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$675k
Owner & transaction history
THEO P HONTZAS
THEO P HONTZAS
Zoning & alternative use
M1 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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