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Hoover Square 2 Retail Properties Offered at $16,250,000 in Birmingham, AL
Investment Highlights
- 100% Leased
- Highly Visible Shopping Center on major HWY
- TJ MAxx & Homegoods Anchor
Executive Summary
Hoover Square is a 93,000-square-foot retail center that is 100% occupied by long-standing tenants. Strategically located along U.S. Highway 31 less than a quarter mile north of I-459, the property sits at the center of one of Birmingham’s most established and active regional shopping hubs. The center is anchored by TJ Maxx and HomeGoods, with TJ Maxx ranking as the #2 most visited TJ Maxx in Alabama and HomeGoods ranking #4 statewide, according to Placer.ai, driving strong and consistent traffic to the property.
The property benefits from over 550 feet of frontage along U.S. Highway 31, exposure to approximately 36,000 vehicles per day, dedicated turning lanes, and three curb cuts, providing exceptional visibility, access, and traffic flow. The surrounding community continues to experience steady growth and is characterized by strong household incomes and spending power.
The property benefits from over 550 feet of frontage along U.S. Highway 31, exposure to approximately 36,000 vehicles per day, dedicated turning lanes, and three curb cuts, providing exceptional visibility, access, and traffic flow. The surrounding community continues to experience steady growth and is characterized by strong household incomes and spending power.
Property Facts
| Price | $16,250,000 | Number of Properties | 2 |
| Price / SF | $164.71 / SF | Individually For Sale | 0 |
| Cap Rate | 6.70% | Total Building Size | 98,656 SF |
| Sale Type | Investment | Total Land Area | 7.31 AC |
| Status | Active |
| Price | $16,250,000 |
| Price / SF | $164.71 / SF |
| Cap Rate | 6.70% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 98,656 SF |
| Total Land Area | 7.31 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Hoover Square
1646-1664 Montgomery Hwy, Birmingham, AL 35216 |
Retail | 87,845 SF | 1985 | - |
| 1642 Montgomery Hwy, Birmingham, AL 35216 | Retail | 10,811 SF | 1999 | - |
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Hoover Square
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