616 33Rd Pl N Birmingham, AL 35222
For Sale
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This exceptional 82,000-square-foot industrial property, located at 616 33rd Pl N in Birmingham, Alabama, presents a compelling investment opportunity. Built in 1973 and extensively renovated in 2020, the warehouse boasts a versatile layout ideal for manufacturing or warehousing operations. The property sits on a 3.75-acre lot and is conveniently served by CSX Railroad, offering efficient transportation solutions. The building features a high ceiling ranging from 20 to 40 feet, providing ample vertical space. Access is facilitated by 15 dock-high doors (4 dock doors and 11 drive-in doors), ensuring smooth loading and unloading. Ample parking is available with 40 spaces (0.57 spaces per 1,000 square feet). The property is fully fenced, enhancing security. The roof was replaced between 2016 and 2020. The property is zoned M2 by the City of Birmingham. Priced at $1,495,000 ($18.23 per square foot), this property offers significant potential for a variety of industrial uses. Its strategic location, excellent infrastructure, and recent renovations make it a highly attractive investment. The property's size, rail access, and ample parking make it a rare find in the Birmingham market.
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 Industrial District. Subsection 2. Use Regulations. A building or premises shall be used only for the following purposes: 1. Any use permitted in t…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M2 · Birmingham, ALSection 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 Industrial District. Subsection 2. Use Regulations. A building or premises shall be used only for the following purposes: 1. Any use permitted in the M-1 Light Industrial District; except, that no dwelling other than that for a resident watchman, custodian or caretaker employed on the premises shall be permitted, nor may any dwelling be used for any Family Day / Night Care or Family Group Day / Night Care Facility. 2. A junkyard, or junkyard use, is permitted provided that this use is granted the appropriate license for operation by the City Council and a nontransparent fence, as described herein, is erected along the entire perimeter of the site. The wall or fence (including gates) shall be of sound construction and approved by the Director (or designee) of the Department of Planning, Engineering, and Permits. Walls shall be solidly constructed of block, brick, stone, concrete, or similar materials as approved by the Director. Fences shall be constructed of manufactured metal sheeting material, reasonably smooth and uniform wood materials, or similar materials upon approval of the Director. All materials used for wall or fence construction (including gates) shall be of sound and good condition, shall be protected against decay by the use of paint or other preservatives, and shall be uniform in height throughout. The wall or fence (including gates) may be required to be erected higher than 8 (eight) feet if the adjacent property is zoned residential or if the topography of the surrounding and nearby properties enable the junk and/or scrap materials to be readily viewed. The fence requirement may be further modified by the Director if the property’s location, or location of the use on the property, is such that the site will not be viewable by the public or structures and/or dense
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
