Prime Investment with Triple Net tenant. Tenant hold a Lease/option that expires 10/2025
FOR SALE: 2905 27th St N, Birmingham, AL 35207 - $175,000
Investment Opportunity in the North Birmingham Business & Entertainment District!
Property Overview:
• Address: 2905 27th St N, Birmingham, AL 35207
• Price: $175,000
• Current Tenant Occupancy
• Monthly Rent: $2,400
• Lease Term: October 01, 2023 - October 01, 2025
• Lease Option to Purchase: $275,000
Key Features:
• Property Type: 3000 sq. ft. Bar, Lounge, and Restaurant
• Current Use: Tenant is renovating the building with pulled permits
• Inclusions: All tables, chairs, and kitchen equipment
Prime Location:
• 2 Miles from Top Golf and Protective Stadium
• Near Future Amphitheater
• Extension of the Uptown Entertainment District
Birmingham’s Revitalization:
• The city is investing heavily in the North Birmingham area, transforming it into a vibrant business and entertainment district. This is the perfect time to invest in a property with high potential for appreciation.
Financial Highlights:
• Current Lease Payments: $2,400/month
• Option to Purchase: $275,000 (Tenant has pulled permits and is actively renovating)
• Investment Return: Estimated $100,000 in 15 months if the tenant exercises the purchase option
Why Invest Now?
This property is in a rapidly developing area with significant city-backed revitalization plans. The current tenant renovated the property, making this a low-risk, high-reward investment. Whether the tenant exercises their option to purchase or continues leasing, you stand to gain substantially.
Contact Information:
Jessica Escott
Say Yes Realty of Birmingham
205-615-1334
Act Now! This is a unique opportunity to own a property in one of Birmingham’s most promising districts. With ongoing renovations and the tenant’s potential purchase option, this investment promises substantial returns.
A Win-Win Investment!