1401 Montgomery Hwy - Storefront Retail/Office FOR SALE


Birmingham, AL 35216
$4,750,000 USD
205-960-3991
1401 Montgomery Hwy, Birmingham, AL for Sale
$4,750,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 4.84% Cap Rate

1401 Montgomery Hwy
Birmingham, AL 35216


HIGHLIGHTS

  • Fabulous Location! On the corner of Hwy 31 and Pizitz Drive and VERY VISIBLE!

OVERVIEW

Owner has held the property for close to 20 years, but is getting closer to retirement, and considering selling. Tenant income has been excellent, as location is fantastic! Property sits at the corner of Hwy 31 and Pizitz Drive with 40,000+ cars passing directly in front daily. Pizitz Drive is also a major thoroughfare off Hwy 31, as folks will turn here to get to Vestavia Hills High School, Vestavia's Pizitz Intermediate School and to access the popular Rocky Ridge Road area of Vestavia. City of Vestavia Hills is the 2nd highest per capita in income in the state of Alabama, and the 2nd highest in per capita education in Alabama. Property is a short drive to Birmingham city, and just down the street from I/65 and I/459. Current tenant income has been excellent with tenants being most artsy, and woman owned (ladies spa, hair stylists, nail salons, eye brow salon), but also professional (with physical therapist, Amish Furniture Dealer, and small business offices). Or if looking to redevlop the site, this could be acheived easily for any commercial need (medcial offices, multifamily residential, restaurant/multi-commercial, etc.) as property is 3.25 acres. If available, owner is interested in opportunities from buyer to stay on in an equity position, or as property manager, etc., and is willing to look at selling options as well.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

4.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

3.25 AC

LAND SF

141,570 SF

ZONING

B-2

APN/PARCEL ID

29-00-36-4-007-001.000

ASK ABOUT THIS PROPERTY

Patrick CrabtreeSavFalk RealtyMore Info
205-960-3991

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

Patrick CrabtreeSavFalk RealtyMore Info
205-960-3991

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