617 Bessemer Super Hwy Birmingham, AL 35228-3012
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.
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La vaquerita Specialty Food Shop Supermarket
Section 2. B-2 General Business District Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations in the B-2 General Business District. Subsection 2. Use regulations. A building or premises shall be used only for the following purposes: 1. Any use permit…
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
B2 · Birmingham, ALSection 2. B-2 General Business District Subsection 1. Generally. The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations in the B-2 General Business District. Subsection 2. Use regulations. A building or premises shall be used only for the following purposes: 1. Any use permitted in the B-1 Neighborhood Business District; except that the limitations upon extent of service area shall not apply. 2. Signs or billboards. 3. Automobile or trailer display and sales room. 4. Public garage. 5. Amusement (indoor and outdoor except when the property abuts residential zoned property located within the City of Birmingham, amusement (outdoor) is only allowed by special exception granted by the Zoning Board of Adjustment. 6. Business, dancing or music school. 7. Display room for merchandise to be sold at wholesale. 8. Dwellings, jointly with other uses or as a principal use. 9. Frozen food lockers. 10. Farm implement display and sales room. 11. Hotel, motel or motor court. 12. Hospital or clinic for animals, but not including open kennels. 13. Radio or television broadcasting station, studio or office. 14. Retail store or shop. 15. Self-storage structure. 16. Tavern or drive-in restaurant. 17. Undertaking establishment or mortuary. 18. Used car lot. 19. Bank or lending institution. 20. Utility service buildings. 21. Medical or dental laboratory. 22. The following uses provided all materials stored and all work done on the premises is done within a building: a. Dyeing and cleaning establishment or laundry; provided pickup or delivery of clothing is not made to other pickup points. b. Painting decorators. c. Radio or television repair shop. d. Dressmaking, millinery, or tailoring establishment. e. Upholstering shop, not involving furniture manufacturing. f. Plumbing and electrical shops. g. Any other general service or repair establishment of similar character.
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.
