704 2Nd Ave N, Birmingham, AL 35203

Property Details for 704 2Nd Ave N

Year built

1952

Lot size

0.32 lot acres

Zone code

M1

Property type

Manufacturing properties

APN

22-00-35-3-045-006.000

APU

2200353045006000

Description

This exceptional 13,000-square-foot warehouse, located at 704 2nd Ave N in Birmingham, Alabama, presents a compelling investment opportunity. The property, built in 1952, sits on a 0.32-acre lot and features a single-story building with one loading dock. Currently 100% occupied since January 1, 2012, under a triple net (NNN) lease, the property offers a stable income stream. The lease, originally signed for 12 years, expired December 31, 2023. The asking price is $550,000, translating to $42.31 per square foot. The property boasts a strong history of occupancy, with a single tenant occupying the entire space. The lease included a 4% annual rent bump, demonstrating consistent rental growth. This fully occupied warehouse is situated on the north side of downtown Birmingham, offering convenient access to major transportation routes and the city's vibrant commercial core. The property's single-tenant occupancy minimizes management complexities, making it an attractive option for investors seeking a low-maintenance, high-return investment. The building's solid construction and prime location contribute to its long-term value and potential for future appreciation. This is a rare opportunity to acquire a fully occupied, income-producing warehouse in a desirable Birmingham location. The property's history of consistent occupancy and rental growth makes it an attractive investment for both seasoned and new investors.

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Longitude

-86.824

Latitude

33.5073

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments