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2020 THIRD AVE N
BIRMINGHAM, AL 35203-3302
Asking Price
$2.80M
Asset Type
Retail
Class
Class B
What's Special
Historic four story Retail Buildings for sale in the CBD <p><span style="color: rgba(0, 0, 0, 1)">PROPERTY HIGHLIGHTS</span></p><p><span style="color: rgba(12, 12, 12, 1)">Built in 1910</span></p><p><span style="color: rgba(12, 12, 12, 1)">Zone B-4</span></p><p><span style="color: rgba(12, 12, 12, 1)">56,000 SF on four floors on the main thoroughfare connecting I-65 and Red Mountain</span></p><p><span style="color: rgba(12, 12, 12, 1)">Expressway 10,000 VPD</span></p><p><span style="color: rgba(12, 12, 12, 1)">Outstanding CBD location. Steps from near
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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467
