Great Commercial Zoned as CB2!!!!!!
Listings Stats
The Numbers
Description of Property
This is a commercial property with cb2 zoning that has been converted to a two bedroom one and a half bath with a full galley kitchen and laundry room. Totally fenced in backyard. Would make a great restaurant or spa. Plenty of parking. It would make fantastic live/workspace since it is zoned for business as well as residential. This property is adjacent to all of the great things about Birmingham. It is Directly across the street from Beauty Shock,2 miles from the airport, three blocks from mom‘s basement and walking distance to two breweries. it is less than half a mile walk to the rotary trail, which will take you all the way to Railroad Park with restaurants and breweries all along the route. The property is located on fifth Avenue south, which is a main thoroughfare between East Avondale and up and coming Woodlawn. Both of these communities are booming right now. There is a lot of planned growth in this area. You can not go with this investment. Feel free to message with any questions and thank you for your interest
Description of Repairs
Needs no reapirs
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Access:Message Me
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Home Area(sqft):1,700
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Property Type:Commercial
The Numbers
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Asking Price ($):$355,000
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As-Is Price/Sq Ft:$205.88
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Est. Cost of Repairs:$10,000
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After Repair Value:$435,000
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ARV Price/Sq Ft:$255.88
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Est. Gross Profit/Equity:$70,000
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Price Negotiable?:Yes
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Purchase Option:Cash, Hard Money, Other,
Comparables
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