617 Bessemer Super Hwy Birmingham, AL 35228-3012
- Strip malls
- 71,914 SF
- 6.50 lot acres
Current Use by Public Records
- La vaquerita / Supermarket
Property Details for 617 Bessemer Super Hwy
- Year built
- 1985
- Lot size
- 6.50 lot acres
- Property size
- 71,914 SF
- Zone code
- B2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 30-00-23-4-008-002.000
- APU
- 3000234008002000
Description
This exceptional 65,750 square foot shopping center in Birmingham, AL, presents a compelling investment opportunity. Located on a 6.5-acre lot at 617 Bessemer Super Hwy, Midfield, AL 35228, this Class B, multi-tenant property boasts 100% occupancy with 11 tenants under a modified lease structure. Built in 1985 and renovated in 1986, the property generates a strong Net Operating Income (NOI) of $346,031, representing a 9.75% cap rate at an asking price of $3,550,000 ($53.99/sq ft). The property benefits from excellent visibility and accessibility, situated along a major retail corridor with over 21,200 vehicles passing daily. Four points of ingress and egress provide convenient access. The property's strategic location within the Birmingham MSA serves a substantial population of approximately 119,000 within a 5-mile radius. Two additional parking lot leases further enhance revenue streams. This fee-simple ownership offers a stabilized investment with long-term retail tenants. The property's strong performance and prime location make it an attractive addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.9237
- Latitude
- 33.4533
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
