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Kings Inn Civic Center/UAB Birmingham 1313 3rd Ave N

150 Room Hotel Birmingham, AL 35203 $6,000,000 ($40,000/Room)

Investment Highlights

  • Downtown property with 1.5 acre land on major street good for redevelopement or to remodel and used as franchised property 150 room

Executive Summary

opportunity zone/ built in 1958 as Holiday inn building solid block building operating as Motel we operate for last 32 years only operating at half capacity now has total 147 rooms has space for restaurant /bar/lounge not operating. 1.5-acre land / Best location in town inspection welcome on site. Owner Manager operation type good for redevelopment or 1031 exchange call for more info. Everything in working condition but operating at about 90 room capacity /only property in downtown with open parking lot not garage type has enough land as of current NOV 1' 2024 we have some issue on environment but as per our information from our environment attorney its can be workout if party want to keep property and used as same building with renovation then problem can be solved if both party agree to workout issue so contact us for more information . We are working on deal but still available at this point as of oct 2024 .. As of March 2024, we have opened our offer to sale this place with VCP (Volunteer Cleanup Programmed) so if you wanted to keep building and convert to higher grade luxury or convert to apartment this is best location and best offer you can do. We ready to deal now. We have more input on this property if anyone interested talk to Andrew. As of NOV 24 we do have offer but yet nothing has been materialized final yet. We have decided to keep property if nothing happened, so we did start upgrading room at this time so if you interested just give us call for visit. We do have half acre land on back of building vacant for extra parking and that parts of deal too so its plus point that you get vacant half acre land with property. We do have enough parking in front for property.

Property Facts

Price $6,000,000
Price Per Room $40,000
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.45 AC
Building Size 62,004 SF
No. Rooms 150
No. Stories 4
Year Built/Renovated 1959/2007
Parking Ratio 1.61/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • Restaurant
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 150 $95.00 -
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-00-35-4-007-002.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$297,620

zoning

Zoning Code M1 (Light Industrial Zone/ can be convert to apartment or extended stay motel)
M1 (Light Industrial Zone/ can be convert to apartment or extended stay motel)
  • Listing ID: 26226564

  • Date on Market: 7/21/2022

  • Last Updated:

  • Address: 1313 3rd Ave N, Birmingham, AL 35203

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