1120 2nd St - Sherman Plant 4.1 Acres of Commercial Land Offered at $10,358,929 in Birmingham, AL 35233
INVESTMENT HIGHLIGHTS
- Located in the Opportunity Zone
- Urban infill site high barriers to entry
- Upon signing a CA, due diligence items available include Comps, various conceptual plans & uses, environmental reports and ADEM No Further Action Let
- Largest undeveloped contiguous property in the Parkside/UAB area
- Potential tax credits/abatements available for the development of this property
EXECUTIVE SUMMARY
Located in the Parkside District, adjacent to The University of Alabama, Birmingham. UAB is the largest employer in Alabama with over 24,000 employees and has a student population of 22,000. The rapidly growing Parkside District, located in the heart of downtown Birmingham, is seeing an influx of new restaurants and entertainment venues.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $10,358,929 |
| Price Per AC | $2,526,568.05 |
| Lot Size | 4.10 AC |
DESCRIPTION
2 contiguous parcels, totaling approximately 4.1 acres, with the option to adjust parcel sizes to meet the buyer's requirements. Zoning - MUD, which allows for mixed use development. There are no stated parking, setback or height restrictions. The zoning allows for dense, mixed use, retail, office or entertainment. It also allows for residential apartments, student housing, townhomes and condominiums.
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,067,120 |
