1401 3rd Ave W - Freestanding FOR SALE


Birmingham, AL 35208- Fairview
$1,450,000 USD
256-808-8730
1401 3rd Ave W, Birmingham, AL for Sale
$1,450,000 USD
Freestanding - FOR SALE
1/7
null | 7.01% Cap Rate

1401 3rd Ave W
Birmingham, AL 35208
Fairview


HIGHLIGHTS

  • Recent Improvement
  • Professional Management
  • Expansion Potential
  • Opportunity Zone

OVERVIEW

Incredible Investment Opportunity: High-Visibility Retail Center Near Downtown Birmingham This is your chance to acquire a prime commercial property with massive upside potential! Located on a bustling 2.16-acre lot along the highly trafficked 3rd Avenue West, this retail center is a must-see for any serious investor. Currently at 70% occupancy, this property offers immediate cash flow with significant room for growth. The opportunity to add new tenants and increase rental rates is a key driver for future profitability. Key features include: • Diverse space: A mix of retail suites, versatile warehouse space, and secure, fenced outdoor storage. • Recent improvements: A brand-new roof installed in 2025, ensuring long-term structural integrity and peace of mind. • Professional management: The center is professionally managed by a dedicated property management company, making it a turnkey investment. • Expansion potential: The sale includes an adjacent 0.2-acre parcel (1425 3rd Ave W), providing a rare opportunity for additional development or other value-add strategies. The fact that this property has been designated an "Opportunity Zone" is a key strategic factor that can provide significant tax benefits to investors. Don't miss out on this unique chance to own a high-traffic, high-visibility property with a strong foundation and incredible potential.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crown Plaza Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

B2

APN/PARCEL ID

29-00-04-2-015-001.000

ASK ABOUT THIS PROPERTY

Louis WeonKeller Williams Realty MadisonMore Info
256-808-8730

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Louis WeonKeller Williams Realty MadisonMore Info
256-808-8730

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