Reserve on 3rd — Sale in Birmingham, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Birmingham, AL 35233
  • Size: 8,707 SF
  • Year built: 2017

Photos

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Description

JLL, as exclusive advisor, is pleased to present Reserve on 3rd, a 111-unit mixed-use opportunity located in Birmingham, AL (the “Property”). The Property features Studio, 1-, 2-, and 3-bedroom apartments that include wood designed plank flooring, lofty 10’ ceilings, glass surface stovetops, brushed nickel hardware and lighting, and ceramic tiled bathrooms. The Property consists of two buildings, referred to as Building 1 and Building 2. Building 1 was delivered in 2016 and contains 36 units and ±8,707 SF of retail. Notable tenants include Starbucks, Chipotle, and AT&T. Building 2 was delivered in 2017 and contains 75 units and ±35,958 SF of retail, which is fully occupied by Publix. Reserve on 3rd presents a unique opportunity to acquire a Class A, highly amenitized, mixed-use asset below replacement cost within the economic hub of Birmingham. The Property benefits from the area’s strong tenant base, robust economy, and strategic location within the urban core of Birmingham, presenting residents with unparalleled access to shopping, dining, entertainment, and employment opportunities.

Market Context

This multifamily in Birmingham, AL is listed for sale across 8,707 SF. The building dates to 2017. Compare it against other multifamily listings for sale in Birmingham, AL — view the full market.

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