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25530167
25530168

2121 - 2127 First Avenue North, Birmingham, AL 35203 For Sale

CH
AL AL 000110233, GA 352022
Cushman & Wakefield / EGS Commercial Real Estate
Listed by Cushman & Wakefield / EGS Commercial Real Estate
$2,000,000
350 days on market
Updated 10 days ago

Downtown Mixed-Use/Office Portfolio-Birmingham

Details
Property Type Retail, Office (+1)
Sub Type Traditional Office, Creative Office (+1)
Square Footage 23,100
Net Rentable (SqFt) 23,100
Tenancy Multi
Class A
Buildings 2
Stories 2
Investment Type Value Add
Ground Lease No
Ownership fee simple

Rare Office/Mixed-Use + Parking Lot Portfolio Sale

Marketing description

2121 First Avenue North

Size: 13,100 square feet plus additional gated parking lot on Morris Avenue with 15 spaces

Sales Price: $3 Million ($229/SF)

Building is 65% Vacant

Perfect for End User/Owner Occupant that can occupy part of the building (or entire building at a later date).

Short term lease in place that provide flexibility for Owner to occupy up to 8,590 square feet immediately and cash flow the balance of the building

2127 First Avenue North

Size: 10,000 square feet plus additional gated parking lot on Morris Avenue with 16 spaces

Sales Price: $2.75 Million ($275/SF)

Lease Rate: $24.00/SF NNN

Perfect for End User/Owner Occupier

Building is vacant

Built in 1924; Renovated 2017-2018

Centrally located on First Avenue North with easy highway/interstate access

Walk Score: 93 Walker's Paradise - walking distance to all of the downtown core and nearby retail/restaurants

Zoning: B4

The property is located along the busy First Avenue North corridor of Downtown Birmingham. The area has seen a recent surge in activity over the last several years with projects including the new Kelly Hotel (96 room Hilton Tapestry), Landing Headquarter, Rotary Trail, Morris Avenue Retail/Restaurant District, Mercantile on Morris mixed use retail/residential development, Pizitz Food Hall and McWane Science Center. The property also boasts easy access to Red Mountain Expressway, US Highway 280 and Interstate 65.

Listing Contacts

CH
AL AL 000110233, GA 352022
Cushman & Wakefield / EGS Commercial Real Estate
Listed by Cushman & Wakefield / EGS Commercial Real Estate

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Additional Information

Name
Casey Howard
License
AL 000110233
Brokerage Phone
912-661-3215
Brokerage Address
2100 3rd Avenue North
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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