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Auction - Center Point Business Park 4 Office Properties Offered at $200,000 in Multiple Locations
Investment Highlights
- STARTING BID $200,000 | Center Point Business Park | 55% Occupied | Birmingham MSA | AUCTION MAY 4-6
- Recent capital improvements include approximately $120,000 in roof replacements completed within the last five years
- ±55% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available for Lease
- ±34,834 SF multi-building office park in Birmingham’s Center Point Submarket
- 34,109 VPD Traffic Counts on Center Point Pkwy with excellent regional connectivity | 3-miles from I-59 & 12-miles from downtown Birmingham
- Below-market in-place rents create potential to grow income through renewals and mark-to-market leasing
Executive Summary
Marcus & Millichap is pleased to offer for sale the fee simple interest in Center Point Business Park, a ±34,834-square-foot, 55% occupied, four-building portfolio located at 1512, 1516 Center Point Pkwy, and 1513, 1515 Huffman Road, in Center Point Alabama. Constructed with durable concrete improvements, the asset provides a solid physical foundation for future ownership. Recent capital improvements include approximately $120,000 roof replacement completed within the past five years across all four buildings. With flexible suite configurations and appeal to a wide range of small business and professional tenants, the Property is well positioned for income growth and long-term repositioning. The Property has been in operation since the 1970s reflecting long-term ownership and reflects consistent operation and historical stewardship. The Property offers investors a compelling value-add opportunity through lease-up of vacant suites, potential rent growth from below-market leases, and operational upside through more proactive management
Center Point, Alabama is an established in-fill Birmingham submarket positioned in eastern Jefferson County, offering commercial real estate investors access to a dense residential base within the broader Birmingham-Hoover MSA. The market benefits from its proximity to downtown Birmingham and the region’s diverse employment drivers, including healthcare, advanced manufacturing, logistics, and industrial users that continue to anchor metro-wide economic activity. While Center Point is primarily neighborhood-oriented in character, its location within a major metro area supports consistent demand for convenience retail, service-oriented commercial uses, and workforce-housing-adjacent investment. For investors seeking a Birmingham-area location with local consumer draw and connectivity to a larger regional economy, Center Point offers exposure to a fundamentally established suburban trade area. The Property is located in an area that serves 94,406 individuals with an average household income (AHHI) of $65,283 within a 5-mile radius supporting continued demand for medical, office, and professional services.
Center Point, Alabama is an established in-fill Birmingham submarket positioned in eastern Jefferson County, offering commercial real estate investors access to a dense residential base within the broader Birmingham-Hoover MSA. The market benefits from its proximity to downtown Birmingham and the region’s diverse employment drivers, including healthcare, advanced manufacturing, logistics, and industrial users that continue to anchor metro-wide economic activity. While Center Point is primarily neighborhood-oriented in character, its location within a major metro area supports consistent demand for convenience retail, service-oriented commercial uses, and workforce-housing-adjacent investment. For investors seeking a Birmingham-area location with local consumer draw and connectivity to a larger regional economy, Center Point offers exposure to a fundamentally established suburban trade area. The Property is located in an area that serves 94,406 individuals with an average household income (AHHI) of $65,283 within a 5-mile radius supporting continued demand for medical, office, and professional services.
Property Facts
| Price | $200,000 | Number of Properties | 4 |
| Price / SF | $5.75 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 34,784 SF |
| Status | Active | Total Land Area | 1.82 AC |
| Price | $200,000 |
| Price / SF | $5.75 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 34,784 SF |
| Total Land Area | 1.82 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1512 Center Point Pky, Birmingham, AL 35215 | Office | 7,440 SF | 1979 | - |
| 1516 Center Point Pky, Center Point, AL 35215 | Office | 10,464 SF | 1968 | - |
| 1513 Huffman Rd, Center Point, AL 35215 | Office | 9,440 SF | 1977 | - |
| 1515 Huffman Rd, Center Point, AL 35215 | Office | 7,440 SF | 1979 | - |
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Auction - Center Point Business Park
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