118 1st St S Local commercial 175 m² À vendre Birmingham, AL 35205 30 668 € (174,84 €/m²)

The hottest neighborhood in Birmingham! This is a once in a life time opportunity to buy in a neighborhood that is going through gentrification! Tons of new apartments, houses have been built and rehabed. Whole blocks have been demolished and are in the process to be developed. 1 minute away from downtown and UAB college! UAB is offering grants to employee and students who buy in this neighborhood. Close to both expressways/highways. No competition in the area from other businesses! You can get to anywhere in the city in 5 to 10 minutes. Gated, and a driveway in thr front of the building. Formerly a neighborhood food and beverage store. Its generous lot size and adaptable footprint make it suitable for retail, office, storage, or residential conversion, providing multiple exit strategies for creative buyers.
Located in the Titusville neighborhood. This is an excellent chance to acquire a value-priced asset for half of the current appraised value by the jefferson county property tax site, with strong potential for repositioning in a growing urban market. Would be worth double easily once someone puts some love back into it! This once in a lifetime deal will not last for long! The city is about to label it a historical district.I had the city come out to inspect the property to dispute the high taxes. The city valued it at $99,999 in it's current condition. That means all fixed up it could easily be worth $200,000. Needs at least $40,000 in repairs. Average investor wants to buy at a 70%-60% ARV minus repairs. At this asking price you are buyig at a 40 percent ARV! That's a bargain if you ask me... There are several nonprofit organizations aggressively buying in the neighborhood. This deal won't last for long!