Property summary
This exceptional 3,780 square foot freestanding medical office building, located at 629 Red Lane Road in Birmingham, Alabama, presents a unique investment opportunity. Built in 1970, this single-story Class B building sits on a 0.81-acre lot and is currently vacant. Its former use as a bank branch offers a versatile layout adaptable to various medical or office uses. The property enjoys a highly visible location, shadow-anchored by a Walmart Supercenter and adjacent to a new 25,000 square foot YMCA facility, ensuring high traffic and community presence. Situated just off Parkway East, a major thoroughfare with approximately 62,000 vehicles per day, this location offers unparalleled accessibility. The property's single-tenancy configuration provides flexibility for a single user or the potential for future subdivision. Jefferson County, Alabama, and the Roebuck submarket provide a strong foundation for growth and stability. This is an excellent opportunity to establish a thriving medical practice or office space in a dynamic and rapidly developing area. The building's size and location make it ideal for a variety of uses, offering significant potential for return on investment.
Property profile
VerifiedCap rate & NOI
Current use
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Atm
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Atm
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Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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from $99/month
Derived from the Birmingham market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CB2 · Birmingham, ALZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CB2 in Birmingham, AL.
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