1034 20Th St, Birmingham, AL 35205
9,285 SF | Retail Building | Birmingham, AL 35205 | $1,700,000 ($183/SF) | 8.31% Cap Rate
Asking Price $1,700,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 9,285 SF
- Price / Square Foot
- $183
Listing Contacts
- Property Info
Property Overview
• Opportunity to acquire Studio Arts Building, a three-tenant offering in Birmingham, AL
• Eggholic and The Social both operate under a NNN lease structure, while Gallery Smoke operates on a gross lease; this presents a future investor with a value add opportunity by converting the gross lease to NNN
• The asset is located at the signalized intersection of 11th Ave S and 20th St S averaging 23,600 VPD
• The dense retail corridor features a handful of retailers such as Chick-fil-A, UPS, as well as various local tenants, promoting crossover store exposure to the site
• The surrounding hotels in the immediate trade area include Homewood Suites, Residence Inn, Hilton Birmingham, Springhill Suites, and more, providing an additional consumer base
• Ideally positioned next to The University of Alabama at Birmingham (22,500-students), providing a direct consumer base from which to draw
• Just off US-280 Expressway with 75,000 VPD
• More than 172,000 residents and 230,000 employees support the trade area
• $103,062 average household income
• Located within a new business inprovement district (BID), which includes expansion of the downton CAP “clean & safe” program
• Eggholic and The Social both operate under a NNN lease structure, while Gallery Smoke operates on a gross lease; this presents a future investor with a value add opportunity by converting the gross lease to NNN
• The asset is located at the signalized intersection of 11th Ave S and 20th St S averaging 23,600 VPD
• The dense retail corridor features a handful of retailers such as Chick-fil-A, UPS, as well as various local tenants, promoting crossover store exposure to the site
• The surrounding hotels in the immediate trade area include Homewood Suites, Residence Inn, Hilton Birmingham, Springhill Suites, and more, providing an additional consumer base
• Ideally positioned next to The University of Alabama at Birmingham (22,500-students), providing a direct consumer base from which to draw
• Just off US-280 Expressway with 75,000 VPD
• More than 172,000 residents and 230,000 employees support the trade area
• $103,062 average household income
• Located within a new business inprovement district (BID), which includes expansion of the downton CAP “clean & safe” program
Property Details
- Class
- B
- Year Built
- 1996
- Stories
- 2
- Lot Size (sq. ft)
- 5,663 SF
Highlights
- Fully leased, over 9,000-square-feet retail asset housing two locally loved eateries and a vape shop with strong in-place cash flow.
- Positioned at the nucleus of Five Points South, Birmingham's premier neighborhood with fine dining, upscale retail, and event venues.
- Located adjacent to the University of Alabama at Birmingham, a top flight Alabama university with an enrollment of over 22,500 students.
- Impressive 3-mile demographic with over 84,800 residents, 45% of whom have a bachelor's degree, and average household income above $85K.
- Located within a new business improvement district (BID), including the expansion of the downtown CAP program, as well as an Opportunity Zone.
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