$1 Auction - PNC Bank (Dark) | 41K VPD 1151 Bankhead Hwy W 2,750 SF Retail Building Birmingham, AL 35204 $150,000 ($54.55/SF)

Marcus & Millichap is pleased to present a free-standing retail building located at 1151 Bankhead Hwy W in Birmingham, Alabama (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via repositioning at a significant discount. FIRST BID MEETS RESERVE!
Built in 1966, the Property is improved with a single-story, free-standing, single tenant building totaling ±2,750 square feet. The Property is strategically positioned on a ±0.56 Acres (±24,593 SF) of land with ample parking spaces. The Property was formerly occupied by PNC Bank who vacated the premises and is paying out their monthly $4,100 rent for the remainder of their term through November 30, 2026. Utilities, real estate tax, and insurance reimbursements are paid by the tenant. The Property offers potential owner users/investors the ability to acquire a free-standing retail building with significant value add through lease up at long term market rates (CoStar estimated rents of $19-23/SF). Zoned B2, Commercial, this zoning offers favorable flexible zoning allowing for a variety of commercial and retail uses via adaptive reuse or repositioning. The Property is easily accessible via two points of egress/ingress with frontage along the south side of Bankhead Hwy W (US-78). The building is positioned as an outparcel to Westgate Shopping Center and benefits from strong co-tenancy with several strong local tenants.
Birmingham, Alabama is the economic center of north-central Alabama and the anchor of the Greater Birmingham metro (±1.18M people), offering developers scale, workforce depth, and diversified demand drivers. The market is a proven logistics node at the crossroads of I-20/59 and I-65, supporting industrial and distribution activity with access to major Southeast trade lanes. Birmingham’s employment base is led by healthcare/education and corporate services, including the University of Alabama at Birmingham (UAB), which reports 28,000+ employees across its university and hospital entities. The Property benefits from visibility and access on Bankhead Hwy W with traffic counts of 41,155 vehicles per day and less than a mile from I-20 with traffic counts over 112K VPD within an established commercial area. Retail activity is further supported by strong nearby national and local retailers including Days Inn, BNSF Railway Yard, Birmingham Southern College, Alabama DOT, and more. The Property is positioned within a dense trade area, serving ±146,195 residents with an average household income of $64,888 within a 5-mile radius.