101 Narrows Dr

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101 Narrows Dr

Birmingham, AL 35242
Asking Price
$1.30M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development site consisting of 2.77 acres of commercial land
  • Offered for sale at an asking price of $1,299,000
  • Located at 101 Narrows Dr in Birmingham, Alabama
  • Parcel identified by tax ID 09-4-20-2-002-001.001
  • Suitable for various retail or professional office development projects

What's Special

Priced at $1,299,000, this 2.77-acre commercial land parcel at 101 Narrows Dr presents a development opportunity in Birmingham, Alabama. Situated within the 35242 ZIP code, the site is positioned to serve the surrounding suburban community of the Birmingham metro area. This region continues to experience steady growth, supported by a diverse regional economy and access to major regional transit corridors. Given the commercial zoning designation, the property is suitable for various business applications, including retail development, professional office space, or service-oriented commercial uses. The parcel size allows for functional site layouts designed to meet specific tenant or owner-occupier requirements. Investors and developers looking to establish a footprint in this established submarket will find this acreage provides the necessary space for a range of commercial projects.

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NOI
$80,000
Cap Rate
6.16%
DSCR
1.04
Tight
Cash-on-Cash
0.74%
Monthly Payment
$6,426.743
Annual Cash Flow
$2,879.081

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