600 20Th StBirmingham, AL 35203

This exceptional four-story, 30,849 square foot Class A office building presents a compelling value-add investment opportunity in Birmingham, Alabama's central business district (CBD). Located at 600 20th St N, this historically significant structure, built in 1929 and renovated in 2020, boasts a prime location near numerous amenities including Chick-fil-A, Subway, and several banks. The building currently enjoys an 84% occupancy rate with six tenants, including prominent law firms and Land Title Company, generating a Net Operating Income (NOI) of $249,310, with a pro-forma NOI of $256,187. The property features a gross lease structure and offers annual rent bumps of 2-3%. The asking price is $3,200,000, representing a compelling 8.00% cap rate. This fee-simple ownership opportunity is ideal for both investors and owner-occupiers, situated within an Opportunity Zone, offering significant tax advantages. The building's architectural design incorporates Alabama limestone and marble, reflecting its historical significance. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving downtown location. The building's multi-tenant structure provides diversification and stability, while the potential for rent increases ensures future growth.