20 Midtown — Sale in Birmingham, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Birmingham, AL 35233
  • Size: 85,435 SF

Description

JLL, as exclusive advisor, is pleased to present 20 Midtown, a mixed-use investment opportunity located in the heart of downtown Birmingham, AL. The development consists of three buildings built across two phases and totals 436 apartments and ±85,435 SF of retail. Phase I and Phase II are available for purchase or recapitalization as individual assets or as a portfolio. Phase I consists of two buildings, referred to as Building 1 and Building 2. Building 1 was delivered in 2016 and contains 38 units and ±8,707 SF of retail. Notable tenants include Starbucks, Chipotle, and AT&T. Building 2 was delivered in 2017 and contains 73 units and ±35,958 SF of retail, which is fully occupied by Publix. Phase II consists of one building, referred to as Building 3, and was delivered in 2022. The building contains ±325 units and ±40,770 SF of retail occupied by notable tenants including Cava, Great Clips, Outback Steakhouse, Panda Express, and Synovus. 20 Midtown presents the rare opportunity to acquire best-in-class, mixed-use assets in the heart of downtown Birmingham at a significant discount to replacement cost. The Properties’ optimal location in proximity to Birmingham’s premier employers, including UAB, and exceptional retail tenants creates a unique live work-play environment.

Market Context

This commercial property in Birmingham, AL is listed for sale across 85,435 SF. It has been on the market for 82 days. Compare it against other commercial property listings for sale in Birmingham, AL — view the full market.

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