301 21ST AVENUE S & 2105 Joyce St.
Mixed Use | 47,000 SqFt
Marketing description
**Revive & Thrive: 301 21st Avenue S and 2105 Joyce Street, Birmingham, AL 35205** Discover a captivating investment duo in Birmingham, AL, boasting 4.05 sprawling acres. Embrace the potential of two structures on one dynamic parcel – a versatile mixed-use facility and a profitable daycare center. The first building at 301 21st Avenue S spans 40,198 sq ft, featuring an auditorium, administrative offices, and a spacious kitchen. Building is going under complete renovation. including an 18,000 sq ft classroom area. Step into the leased gem at 2105 Joyce Street, a 6,440 sq ft daycare facility with a secure rental income of $5,500 per month. With a strategic location near major highways, these properties offer diverse use potential for educational institutions, offices, or community centers. Seize this unique opportunity in a bustling market like Birmingham, where industries like UAB, healthcare and finance flourish.
Investment highlights
Great Investment in Birmingham, Alabama
You are buying 2 buildings. One is generating $5500 monthly income for the next 3 years with a 5% annual increase. Also, the tenant has a 3 year renewal option with a 5% annual increase.
The big building is 74,000 + SF that was a school and the former ARK of Alabama. It has a gym and a cafeteria. The building is going under an extensive makeover.
With the passing of Alabama's school choice law, the "CHOOSE Act," provides eligible families with Education Savings Accounts (ESAs) to help cover tuition, tutoring, and other qualified education expenses at approved schools, including private schools.
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