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3524 Decatur Hwy

16,686 SF Vacant Retail Building Fultondale, AL 35068 $1,795,075 CAD ($108 CAD/SF) 7.20% Cap Rate

Investment Highlights

  • Ample parking
  • Located in a healthy submarket of Birmingham

Executive Summary

Longleaf Realty Partners is pleased to exclusively offer for sale this 16,686 SF office building. This is a great investment opportunity for an owner-occupier who needs a small office space, or an investment property. Located in a healthy submarket of Birmingham, with a large residential development under construction adjacent to the property. This property has an upside as rents are below market, and price per square foot is 48% of replacement cost. Tenants include Chick-Fil-A Professional Development Center, Birmingham Podiatry, and others, with ample parking.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,686 SF
Building Class
C
Year Built
1987
Price
$1,795,075 CAD
Price Per SF
$108 CAD
Cap Rate
7.20%
NOI
$129,245 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
0.29
Lot Size
1.32 AC
Zoning
B1
Parking
53 Spaces (3.18 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-00-24-3-002-001.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$371,459 CAD
  • Listing ID: 34248914

  • Date on Market: 2024-12-19

  • Last Updated:

  • Address: 3524 Decatur Hwy, Fultondale, AL 35068

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