115 Richard Arrington Jr Blvd N - Office FOR SALE


Birmingham, AL 35203
$1,800,000 USD
912-661-3215
115 Richard Arrington Jr Blvd N, Birmingham, AL for Sale
$1,800,000 USD
Office - FOR SALE
1/22
null | 7.9% Cap Rate

115 Richard Arrington Jr Blvd N
Birmingham, AL 35203


HIGHLIGHTS

  • $550K in major capital improvements completed in 2023
  • 92% Occupied
  • In-Place NOI: $141,373/yr
  • Multiple surface lots and city parking decks available

OVERVIEW

Newly renovated in 2023 Mixed-Use Investment Opportunity in Downtown Birmingham! The building has three stories: 1st Floor: Office/Retail; 2nd and 3rd Floors: Office. Natural light from windows on three (3) sides. There are two (2) parking spaces on site; multiple surface lots and city parking decks 1 to 2 blocks away. Over $550 K in major capital improvements completed in the past 12 months. 2023 Renovations include: New HVAC units, New windows on 2nd and 3rd floors, New elevator, * Built out offices, Paint and Flooring, and an Updated sprinkler system. This property is 92% occupied. Current tenants feature: Daily Buzz Coffee, Greatland Mortgage, Strive Consulting and more.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

7.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

B-4

APN/PARCEL ID

22-00-36-1-040-012.000

ASK ABOUT THIS PROPERTY

Casey HowardHarbert Realty ServicesMore Info
912-661-3215

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Casey HowardHarbert Realty ServicesMore Info
912-661-3215

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