Featured Property: 1109 E Park Drive

This week’s featured property is this excellent investment property at 1109 E Park Drive in Birmingham. We have recently reduced the price on the former office building from $528,054 to $475,250. The building is currently 100% leased with 5 long term tenants. This well maintained, 2 story Class B building is 7,700 square feet has recently been renovated with a new roof, new gutters and all updated HVAC units. The property is conveniently situated near I-59 and just minutes from a thriving downtown.

Only a few miles from St. Vincent’s East and Birmingham-Shuttlesworth International Airport, this area benefits from the rapid growth found in Birmingham. With a metro population of over 1 million, the Magic City holds three universities, three colleges, three major hospitals and numerous corporate headquarters. This growing economy has transformed itself into a medical research and service-based city with easy access to other major, regional hubs like Atlanta and Nashville.

Don’t miss out on this opportunity! To find out more information about rent roll, previous income statements and property information, contact Joseph Sedita at jsedita@southpace.com or call 205-326-2222.

 

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