1816 1St AveIrondale, AL 35210

This exceptional redevelopment opportunity presents the Spencer Building, a three-story, 40,000 square foot mixed-use property located at 1816 First Avenue North in Irondale, Alabama (zip code 35210), within Jefferson County. Built in 1920, this prime location offers unparalleled access to Birmingham's vibrant downtown core. The property is situated adjacent to the Pizitz Residences and Food Hall, and the McWane Science Center, and within one to two blocks of the Elyton Hotel, Fairfield Inn & Suites, Shipt Headquarters, Lyric Theatre, Alabama Theatre, Railroad Park, and Innovation Depot. The building features a rear loading dock, a new roof installed in 2020, two parking spaces, and two elevators. Currently zoned B4, the property boasts existing sprinkler systems. A ground floor tenant occupies 3,500 square feet with a lease expiring November 20, 2023, at a monthly rent of $3,000. This property is designated as an Opportunity Zone, presenting significant investment advantages. The asking price is $3,750,000, translating to $93.75 per square foot. The anticipated occupancy date is January 2, 2023. This is a rare chance to acquire a landmark building in a rapidly developing area of Birmingham.