2905 27th St N - Bar FOR SALE


Birmingham, AL 35207- North Birmingham
$175,000 USD
205-615-1334
2905 27th St N, Birmingham, AL for Sale
$175,000 USD
Bar - FOR SALE
1/14
null | 1.37% Cap Rate

2905 27th St N
Birmingham, AL 35207
North Birmingham


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

1.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,516 SF

ZONING

B3

APN/PARCEL ID

22-00-14-4-015-008.000,22-00-14-4-015-008.001

ASK ABOUT THIS PROPERTY

Jessica HobsonSay Yes Realty of BirminghamMore Info
205-615-1334

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Jessica HobsonSay Yes Realty of BirminghamMore Info
205-615-1334

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