100 Centerview Dr - Office FOR SALE


Birmingham, AL 35216- Hoover/Vestavia Hills
$4,700,000 USD
100 Centerview Dr, Birmingham, AL for Sale
$4,700,000 USD
Office - FOR SALE
1/14
null | 9% Cap Rate

100 Centerview Dr
Birmingham, AL 35216
Hoover/Vestavia Hills


HIGHLIGHTS

  • 100 Centerview Drive offers a prime commercial asset investment in one of Birmingham’s most sought-after suburban markets.
  • This 35,000-square-foot office building is nearly fully leased, providing investors with immediate rental income and long-term upside potential.
  • Extensive building enhancements, including a new roof, interior renovations, painting, and a resurfaced lot, ensures a well-maintained property.
  • In the Highpoint Office Center, the property benefits from a strong professional tenant mix, including light medical, and service-oriented businesses.
  • Convenient access to Birmingham’s major commercial hubs, retail centers, and service amenities at the intersection of US Highway 31 and Interstate 65.
  • With Vestavia Hills’s robust business demographics, this property presents a stable investment with long-term, high-occupancy potential.

OVERVIEW

The Chambers Building at 100 Centerview Drive in Vestavia Hills showcases an exclusive investment opportunity in one of Birmingham's most alluring suburban office markets. This 35,000-square-foot office building is nearly fully leased, offering investors a seamless transition with stable income and attractive upside potential through lease renewals and new agreements at market rates. Recent capital improvements assure a modern and well-maintained asset. A new roof was installed in 2021, and in 2022, the property underwent comprehensive upgrades, including renovations to the lobby, hallways, elevators, and restrooms. The exterior received fresh paint, and the parking lot was resurfaced, enhancing the building's overall appeal. Within the established Highpoint Office Center, the Chambers Building profits from a dynamic business environment. Current tenants like Total Sleep, a local sleep clinic, Army Recruiting, and Beyond Physical Therapy reflect a mix of professional services that contribute to a stable and diverse tenant base. 100 Centerview Drive's strategic location provides exceptional accessibility. It is just minutes from the junction of US Highway 31/Montgomery Highway and Interstate 65, swiftly reaching a significant commercial corridor with numerous retail and dining options and key service amenities, including lodging. Additionally, it is only 10 miles from Downtown Birmingham and 21 minutes from Birmingham-Shuttlesworth International Airport (BHM). Vestavia Hills's affluent population and thriving business community contribute to strong rental demand, long-term property appreciation, and a resilient tenant base. This makes the Chambers Building an outstanding opportunity for investors seeking a well-positioned, income-generating office asset.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chambers Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

152

LAND DETAILS

LAND ACRES

2.98 AC

LAND SF

129,809 SF

ZONING

C1

APN/PARCEL ID

39-00-01-1-001-001.015

ASK ABOUT THIS PROPERTY

Steve ButlerEngel Realty Company, LLCMore Info

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Steve ButlerEngel Realty Company, LLCMore Info

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