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Professional Office Building For Sale

1330 21st Way South,
Birmingham, AL 35205

$1,950,000
  • Professional Birmingham, AL Office Building Investment Property For Sale

Property Information

1330 21st Way South is an exceptional, all brick professional office building located in Birmingham’s Highland Park neighborhood. This is an excellent opportunity for either an owner/occupant, or an investor. It is currently set up for eight (8) different tenant suites but can be reconfigure to accommodate either more or less.

  • Total building size is 13,350 ± SF
  • Rentable office space is 10,662 ± SF
  • Surface parking lot includes 15 spaces and plenty of available street parking
  • Building includes a basement/parking garage of 2,688 ± SF
  • Rentable office space is currently 100% occupied *Current owner would vacate 3,258 square feet on the second floor for a new owner/occupant
  • 8 total tenants pay an average of $20.42 per sf Elevator serves all four floors
  • Annual NOI of $135,736 based on actual expenses from 2021
  • 7% Cap Rate

1330 21st Way South is conveniently located in the revitalized Highland Park Neighborhood on Birmingham’s south side. Tenants can easily walk less than ten minutes to James Beard award winning restaurants in the Five Points neighborhood. The building is also located directly adjacent to The Cortland Vesta, which is Birmingham’s newest, and most upscale high rise apartment complex. The close proximity to Red Mountain Expressway provides convenient access to Birmingham’s central business district, UAB, and Birmingham’s most affluent suburbs.

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Rich Vanchina, CCIM, SIOR - Associate Broker at Southpace Properties

Contact:

Rich Vanchina , CCIM, SIOR
rvanchina@southpace.com
205-271-7251