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Property profile & analytics
FOR SALE
Automotive properties

700 8Th St S Birmingham, AL 35233

12,000 SF 4.2 ac lot Built 2004
Entity Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US03-0892227
Property summary
AI-generated overview

This exceptional Birmingham, Alabama industrial property offers a rare opportunity to acquire a highly versatile facility spanning 34,848 square feet on a 4.48-acre lot. The property boasts two buildings: a 22,848-square-foot masonry structure featuring showroom, office, and shop space with multiple drive-in and drive-through bays, and a 12,000-square-foot metal building constructed in 2004, previously used as a paint shop/service center. The property's zoning is B2 (primary parcel) and M1 (small triangular parcel), offering significant flexibility for various uses. Its prime location at the corner of 7th Avenue and 8th Street South provides excellent visibility and convenient access to University Boulevard and I-65. The property benefits from three-phase, 800-amp/208V power and is situated outside of any designated flood zone. Previously utilized as an auto dealership and collision center, this nearly 100% usable property presents a unique opportunity within a federal opportunity zone. Abundant parking and high visibility make this an ideal location for a variety of businesses. The buildings are single-story structures built in 1957 and 2004.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2004
Total area 12,000 SF
Lot 4.2 ac (182,952 SF)
Zoning code B2
APN 29-00-02-4-004-001.000
UPID US03-0892227
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$1.81M
Owner & transaction history
Asland Inv Co LLC · 18 yrs held
Asland Inv Co LLC
since 2007
2 recorded transactions
2007
Price N/A
1991
$2.1M
Zoning & alternative use
B2 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $2.4M +25.2%
Commercial (general) $2.4M +24.9%
Medical building $2.1M +10.6%
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