1031 Old Montgomery Hwy - Freestanding FOR SALE


Birmingham, AL 35216- Hoover/Vestavia Hills
$11,401,000 USD
214-560-3249
1031 Old Montgomery Hwy, Birmingham, AL for Sale
$11,401,000 USD
Freestanding - FOR SALE
1/2
null | 7.71% Cap Rate

1031 Old Montgomery Hwy
Birmingham, AL 35216
Hoover/Vestavia Hills


HIGHLIGHTS

  • 28,092 SF anchor tenant plus four retail units totaling 5,988 square feet
  • Signalized Intersection
  • Prime Vestavia Hills location, directly across from the City’s civic center and municipal court buildings
  • 100% Occupancy

OVERVIEW

SRS Capital Markets | National Multi-Tenant Advisory is pleased to present an exceptional investment opportunity located in the thriving Vestavia Hills area of Birmingham, Alabama. Vestavia Commons presents a prime Retail/Community Center venture. The Property is newly anchored by The Picklr, Alabama’s first indoor pickleball hub. Boasting a generous 34,080 square foot building with four units plus the main anchor, this 2016-built asset offers a prime location fronting on Montgomery Highway. With the property at 100% occupancy, investors can benefit from a stable and lucrative income stream. Situated in a high-traffic area, this property provides an ideal position for retailers and community services to thrive.

FOR SALE DETAILS

PRICE

$11,401,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

7.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vestavia Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

168

LAND DETAILS

LAND ACRES

3.34 AC

LAND SF

145,490 SF

ZONING

B-2

APN/PARCEL ID

28-00-30-3-001-002.000

ASK ABOUT THIS PROPERTY

Ryan ByrneSRS Real Estate PartnersMore Info
214-560-3249

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Ryan ByrneSRS Real Estate PartnersMore Info
214-560-3249

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.