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1816 1st Ave N
Birmingham, AL 35203
Spencer Furniture · Retail Property For Sale
Investment Highlights
- Positioned in Birmingham’s Innovation District and Opportunity Zone with potential for tax advantages
- Rear loading dock and two rear parking spaces provide practical operational benefits
- Zoned B4 and equipped with existing sprinklers for flexible redevelopment uses
- New roof installation completed in 2020 for reduced immediate capital expenses
- Immediate proximity to Pizitz Food Hall, McWane Science Center, and Elyton Hotel boosts walkability
Executive Summary
This property presents an exceptional opportunity to acquire a substantial building in one of Birmingham’s most dynamic redevelopment corridors. Located on 1st Avenue North in the heart of downtown, the site benefits from close proximity to major attractions including the Pizitz Residences and Food Hall, McWane Science Center, and the Elyton Hotel Autograph Collection. It is within the Innovation District and a designated Opportunity Zone, offering advantageous tax incentives for investors. The property is zoned B4 and includes a new roof installed in 2020, two elevators, an existing sprinkler system, and a rear loading dock with two parking spaces. Surrounding developments have fueled an uptick in retail, hospitality, and mixed-use projects with more than $605 million in retail sales within the district. The location offers ease of access to Red Mountain Expressway, Interstate 65, and US Highway 280, contributing to strong connectivity. This asset offers tremendous upside for repositioning into loft, hotel, retail, or mixed-use configurations amid a thriving urban environment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
40,000 SF
Building Class
B
Year Built
1920
Price
$4,704,684 CAD
Price Per SF
$117.62 CAD
Tenancy
Single
Building Height
3 Stories
Loading Docks
1 Exterior
Slab To Slab
12’
Building FAR
2.87
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
B4 - Opportunity Zone.
Frontage
133’ on 1st Ave N
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 22-00-36-2-030-008.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $257,071 CAD |
Property Taxes
Parcel Number
22-00-36-2-030-008.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$257,071 CAD
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