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Property Detail

Beacon Parkway West
42,000-square-foot Class B office building in Birmingham's desirable Homewood .
$3,700,000
Manufacturer: https://thornwell.org/

Description

  • 42,000-square-foot Class B office building in Birmingham's desirable Homewood submarket offering a clear opportunity for discerning investors.
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  • Interior consists of smaller private offices and larger company suites, many with large floor-to-ceiling windows that let in abundant natural light.
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  • Off Valley Avenue and Green Springs Highway, the property provides seamless connections to Interstate 65, Downtown Birmingham, and local amenities.
  • Upgraded common areas feature new LED lighting, quartz countertops, and a newly installed elevator, enhancing the overall office experience.
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  • 6,000-square-foot training facility and warehouse adjacent to the main building expands the potential uses of this versatile property.
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  • With high occupancy rates, 200 Beacon Parkway W ensures steadfast, long-term profitability in a vibrant suburban market.

Executive Summary

Secure a 42,000-square-foot Class B office building in the highly sought-after Homewood suburb within the Birmingham/Hoover MSA. 200 Beacon Parkway W is an exceptional property, now available for purchase, offering discerning investors a rare opportunity to secure a well-performing asset in a prime location.

Tenants enjoy modernized common areas featuring new LED lighting, quartz countertops, updated carpeting, bathroom fixtures, and a newly installed elevator. Amenities include two shared kitchen/break rooms, vending machines, a fire detection system, a security and camera system, ample parking, and inviting outdoor seating. Investors will benefit from the building's mechanical conveniences, including a building chiller package and AHU blowers. The property's current configuration offers small private offices to more considerable multi-room suites, many with large floor-to-ceiling windows. Additionally, a 6,000-square-foot training facility and warehouse next to the main building add to the property's allure, providing a convenient space for various uses.

Just off the intersection of Valley Avenue and Green Springs Highway, 200 Beacon Parkway W provides swift connections to Interstate 65, placing Downtown Birmingham and the University of Alabama at Birmingham Hospital and campus minutes away. With nearby retailers and restaurants such as Full Moon Bar-B-Que, Walgreens, and Regions Bank, along with access to recreational spots like Red Mountain Park, this location is ideal for business. Birmingham-Shuttlesworth International Airport (BHM) is less than 20 minutes away, providing convenient access for professionals requiring travel logistics.

200 Beacon Parkway W offers high occupancy rates, ensuring stable, immediate returns with minimal need to fill vacancies. This property is an attractive investment opportunity for those seeking reliable, long-term profitability in an attractive suburban market. The seller is offering a competitive incentive of a 3% commission to the buyer's agent, encouraging collaboration and ensuring a smooth transaction for all parties involved.

Sivirt Building

Listing ID : 00706

SKU: 706

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Price History

DateEventPrice
December 6 2024Listed$3,700,000.00