Compass Bank 1151 Bankhead Hwy W 2,750 SF Retail Building Birmingham, AL 35204 $486,594 CAD ($176.94 CAD/SF) 14.06% Cap Rate

This property offers a compelling redevelopment opportunity in Birmingham with a well-maintained former PNC Bank building positioned on Bankhead Highway West, an area known for strong traffic flow and connectivity. The site benefits from excellent visibility along a corridor that has seen significant growth in traffic counts, currently exceeding 41,000 vehicles per day. Located just 3.5 miles from downtown Birmingham and within a five-mile radius of over 146,000 residents, this property is ideally situated for attracting a broad range of users or investors.
The property lies within a Qualified Opportunity Zone, providing potential buyers with unique tax incentives for redevelopment or investment through specialized funds. Currently subject to a triple-net lease with corporate guaranty until November 2026, the asset offers stability with residual income for a short-term horizon. Fee Simple ownership and proximity to major thoroughfares including Interstate 20 enhance the appeal. With its combination of solid structure, modern renovations, and strategic location, this offering is well positioned for conversion into a variety of uses such as financial services, retail, or other community-serving businesses.