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1401 3rd Ave W
Birmingham, AL 35208
Crown Plaza Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recent Improvement
- Expansion Potential
- Professional Management
- Opportunity Zone
EXECUTIVE SUMMARY
Incredible Investment Opportunity: High-Visibility Retail Center Near Downtown Birmingham
This is your chance to acquire a prime commercial property with massive upside potential! Located on a bustling 2.16-acre lot along the highly trafficked 3rd Avenue West, this retail center is a must-see for any serious investor.
Currently at 70% occupancy, this property offers immediate cash flow with significant room for growth. The opportunity to add new tenants and increase rental rates is a key driver for future profitability.
Key features include:
• Diverse space: A mix of retail suites, versatile warehouse space, and secure, fenced outdoor storage.
• Recent improvements: A brand-new roof installed in 2025, ensuring long-term structural integrity and peace of mind.
• Professional management: The center is professionally managed by a dedicated property management company, making it a turnkey investment.
• Expansion potential: The sale includes an adjacent 0.2-acre parcel (1425 3rd Ave W), providing a rare opportunity for additional development or other value-add strategies.
The fact that this property has been designated an "Opportunity Zone" is a key strategic factor that can provide significant tax benefits to investors.
Don't miss out on this unique chance to own a high-traffic, high-visibility property with a strong foundation and incredible potential.
This is your chance to acquire a prime commercial property with massive upside potential! Located on a bustling 2.16-acre lot along the highly trafficked 3rd Avenue West, this retail center is a must-see for any serious investor.
Currently at 70% occupancy, this property offers immediate cash flow with significant room for growth. The opportunity to add new tenants and increase rental rates is a key driver for future profitability.
Key features include:
• Diverse space: A mix of retail suites, versatile warehouse space, and secure, fenced outdoor storage.
• Recent improvements: A brand-new roof installed in 2025, ensuring long-term structural integrity and peace of mind.
• Professional management: The center is professionally managed by a dedicated property management company, making it a turnkey investment.
• Expansion potential: The sale includes an adjacent 0.2-acre parcel (1425 3rd Ave W), providing a rare opportunity for additional development or other value-add strategies.
The fact that this property has been designated an "Opportunity Zone" is a key strategic factor that can provide significant tax benefits to investors.
Don't miss out on this unique chance to own a high-traffic, high-visibility property with a strong foundation and incredible potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
35,150 SF
Building Class
C
Year Built/Renovated
1950/2008
Price
$1,450,000
Price Per SF
$41.25
Cap Rate
7.01%
NOI
$101,683
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
2.16 AC
Opportunity Zone
Yes
Zoning
B2 - Business District
Parking
68 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 29-00-04-2-015-001.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $264,720 |
PROPERTY TAXES
Parcel Number
29-00-04-2-015-001.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$264,720
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