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2911 7th Avenue South
Birmingham, AL 35233
Asking Price
$1.60M
Asset Type
Pharmacy/Drug Retail
Class
Class B
What's Special
100% leased through Jan 2027 ~ High Demand Area <p>Many possibilities for this 10,000SF building on 7th Ave. S in the Lakeview district! Surrounded by popular restaurants, bars, and medical centers, making this desirable for many businesses. Perfect for a liquor store, as ABC has been located here for over 30 years. Currently also holds a shoe repair shop (on month-to-month lease). Has 23 dedicated parking spaces and offers a great investment for renovation opportunities. Location...Location...Location! Close to UAB, St. Vincents, Southside,
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124
