1313 3rd Ave N - Hospitality FOR SALE


Birmingham, AL 35203
$6,000,000 USD
205-541-8849
1313 3rd Ave N, Birmingham, AL for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

1313 3rd Ave N
Birmingham, AL 35203


HIGHLIGHTS

  • Downtown property with 1.5 acre land on major street good for redevelopement or to remodel and used as franchised property 150 room

OVERVIEW

opportunity zone/ built in 1958 as Holiday inn building solid block building operating as Motel we operate for last 32 years only operating at half capacity now has total 147 rooms has space for restaurant /bar/lounge not operating. 1.5-acre land / Best location in town inspection welcome on site. Owner Manager operation type good for redevelopment or 1031 exchange call for more info. Everything in working condition but operating at about 90 room capacity /only property in downtown with open parking lot not garage type has enough land as of current NOV 1' 2024 we have some issue on environment but as per our information from our environment attorney its can be workout if party want to keep property and used as same building with renovation then problem can be solved if both party agree to workout issue so contact us for more information . We are working on deal but still available at this point as of oct 2024 .. As of March 2024, we have opened our offer to sale this place with VCP (Volunteer Cleanup Programmed) so if you wanted to keep building and convert to higher grade luxury or convert to apartment this is best location and best offer you can do. We ready to deal now. We have more input on this property if anyone interested talk to Andrew. As of NOV 24 we do have offer but yet nothing has been materialized final yet. We have decided to keep property if nothing happened, so we did start upgrading room at this time so if you interested just give us call for visit. We do have half acre land on back of building vacant for extra parking and that parts of deal too so its plus point that you get vacant half acre land with property. We do have enough parking in front for property.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$97 USD /SF

# OF ROOMS

150

PRICE/ROOM

$40,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kings Inn Civic Center/UAB Birmingham

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1959

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

M1

APN/PARCEL ID

22-00-35-4-007-002.000

ASK ABOUT THIS PROPERTY

Andrew PatelParth Sai IncMore Info
205-541-8849

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

Andrew PatelParth Sai IncMore Info
205-541-8849

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