Southside Development Site — Sale in Birmingham, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Birmingham, AL 35205

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Description

Marcus & Millichap is pleased to offer for sale a 17,350-square-foot (0.40-acre) corner site in Birmingham’s Southside, one of the city’s most established and desirable urban neighborhoods. Located one block from UAB Highlands Hospital and less than one-half mile from the UAB campus, the property offers a compelling infill residential development opportunity with immediate proximity to one of Birmingham’s largest concentrations of employment, healthcare, education, dining, and entertainment. R-6 zoning and a prominent corner configuration provide the potential for approximately 11 apartment units or townhomes, subject to applicable approvals. The site’s location and scale are well suited for a boutique residential project designed to capitalize on the strong housing demand generated by UAB’s growing academic, medical, and employment base. UAB is a major economic engine for Birmingham, with 20,369 students enrolled in Fall 2026 and more than 107,000 jobs supported statewide. UAB generates approximately $12.1 billion in annual economic impact, while UAB Hospital serves as a leading academic medical center and regional healthcare destination. The property’s proximity to these institutions positions it to benefit from sustained demand for housing within Birmingham’s Southside submarket. The Southside multifamily market is further supported by strong rental fundamentals and limited new supply. Among apartment communities built in 2000 or newer, average effective rents are approximately $1,636 per month, demonstrating the submarket’s ability to support attractive rental rates. With little to no additional multifamily units expected to be delivered in Southside, this limited development pipeline provides a favorable supply-demand dynamic for new residential projects and creates an attractive environment for future rental growth. Investment Highlights: • Zoned R-6 Multiple Dwelling District • Frontage along 15th Avenue South and 13th Street South Providing Outstanding Ingr

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