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32344520
32344519

511 11th Street North, Birmingham, AL 35203 For Sale

BS
AL 99092 MS 23992 Phone #: 205-445-0955
Colliers - Birmingham, Alabama
Listed by Colliers - Birmingham, Alabama
$1,680,000
70 days on market
Updated 2 days ago

511 11th Street North

Details
Property Type Office, Industrial
Sub Type Warehouse
Square Footage 21,000
NOI $25,800
Tenancy Multi
Lease Expiration 01/01/2028
Year Built 1945
Year Renovated 2023
Buildings 3
Lot Size (SqFt) 10,000
Zoning M1
Ground Lease No

±21,000 SF Office/Warehouse Facility | Birmingham CBD

Marketing description

±21,000 SF Office/Warehouse Facility located in Birmingham CBD and Opportunity Zone. The property consists of 3 separate interconnected buildings plus an attached garage with a fenced lot area of ±10,000 SF adjacent lot.

The office area includes approximately 2,500 SF ground floor office/break room plus a 1,050 SF newly renovated 2nd floor office. The facility features (1) 10x10 drive-in with dock access, (1) 12x10, (1) 10x12, and (1) 14x14 drive-in doors. The warehouse has new LED lighting, new 15,000 SF TPO roof, and 3-phase electrical panel.

Recently repaved front parking lot with industrial space floors that are partially epoxy coated. The upstairs office has access to the roof and a view of downtown Birmingham. Building is visible from I-65 N with clear height in large warehouse of 13-14'. The main building features 5 large offices with a break area and a training/conference room plus 1 large office on second floor.

Property benefits from Historical Property Tax Certification, Opportunity Zone (OZ), & Switch District designation. Available 1G Internet. Current tenant lease in place for ±2,500 SF with $25,800/year in rental income plus power surcharge with original term to 1/1/2028.

Investment highlights

  • 3 separate interconnected buildings plus an attached garage
  • Recently repaved front parking lot
  • Industrial space floors are partially epoxy coated
  • Upstairs office has access to the roof and a view of downtown Birmingham
  • Building visible from I-65 N
  • Clear height in large warehouse 13-14'
  • 5 large offices in main building with a break area and a training/conference room plus 1 large office on second floor
  • Historical Property Tax Certification
  • Opportunity Zone (OZ), & Switch District
  • Available 1G Internet

Listing Contacts

BS
AL 99092 MS 23992 Phone #: 205-445-0955
Colliers - Birmingham, Alabama
Listed by Colliers - Birmingham, Alabama

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$25,800.00
$2,150.00/mo

Valuation Metrics

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DSCR
1.54%
Cap Rate
1.54%
ROI

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