1151 Bankhead Hwy W - Bank FOR SALE


Birmingham, AL 35204- Thomas
$350,000 USD
210-349-3636
1151 Bankhead Hwy W, Birmingham, AL for Sale
$350,000 USD
Bank - FOR SALE
1/10
null | 14.06% Cap Rate

Dec '26


1151 Bankhead Hwy W
Birmingham, AL 35204
Thomas


HIGHLIGHTS

  • Redevelopment opportunity with remaining PNC lease term of approximately one year
  • Located within a Qualified Opportunity Zone, offering tax incentives for investors
  • Excellent visibility on Bankhead Highway West with traffic counts of 41,384 VPD and quick access to Interstate 20 (136,038 VPD)
  • 3.5 miles from downtown Birmingham, surrounded by more than 146,000 residents in a five-mile radius
  • Building renovated in 2018 will reduce capital improvement costs for future owners
  • Includes a ground lease with expiration aligned to November 2026 under Fee Simple ownership

OVERVIEW

This property offers a compelling redevelopment opportunity in Birmingham with a well-maintained former PNC Bank building positioned on Bankhead Highway West, an area known for strong traffic flow and connectivity. The site benefits from excellent visibility along a corridor that has seen significant growth in traffic counts, currently exceeding 41,000 vehicles per day. Located just 3.5 miles from downtown Birmingham and within a five-mile radius of over 146,000 residents, this property is ideally situated for attracting a broad range of users or investors. The property lies within a Qualified Opportunity Zone, providing potential buyers with unique tax incentives for redevelopment or investment through specialized funds. Currently subject to a triple-net lease with corporate guaranty until November 2026, the asset offers stability with residual income for a short-term horizon. Fee Simple ownership and proximity to major thoroughfares including Interstate 20 enhance the appeal. With its combination of solid structure, modern renovations, and strategic location, this offering is well positioned for conversion into a variety of uses such as financial services, retail, or other community-serving businesses.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

14.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Compass Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

10TH ST W

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

B-2

APN/PARCEL ID

22-00-28-1-008-007.000

ASK ABOUT THIS PROPERTY

Lindsey NussleSpigel PropertiesMore Info
210-349-3636

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Lindsey NussleSpigel PropertiesMore Info
210-349-3636

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