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25713262
25713263

2121 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
349 days on market
Updated 12 days ago

2121 First Avenue North, Birmingham, Alabama

Details
Property Type Office
Sub Type Creative Office, Traditional Office
Square Footage 13,100
Net Rentable (SqFt) 13,100
NOI $41,309
Occupancy 35%
Tenancy Multi
Lease Type Modified
Broker Co-Op Yes
Class A
Year Built 1924
Year Renovated 2023
Buildings 1
Stories 2
Acreage 0.210
Investment Type Owner/User
Ownership fee simple

2121 First Avenue North, Birmingham, AL

Marketing description

Property is available separately or as a portfolio with 2127 First Avenue North

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

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

Zoning: B4

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

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

Building is 65% Vacant

Short term leases in place that provide flexibility for Owner to occupy up to 8,590 Square Feet immediately and cash flow the balance of the building

$41,309/yr in current NOI

Investment highlights

Property is available separately or as a portfolio with 2127 First Avenue North

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

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

Zoning: B4

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

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

Building is 65% Vacant

Short term leases in place that provide flexibility for Owner to occupy up to 8,590 Square Feet immediately and cash flow the balance of the building

$41,309/yr in current NOI

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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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,309.00
$3,442.42/mo

Valuation Metrics

0
DSCR
2.07%
Cap Rate
2.07%
ROI

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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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