Map of Property

Parkway Square

1200-1248 Center Point Parkway, Birmingham, AL 35215

  • For Sale Subject To Offer
  • Property Type Retail
  • Property Size 36,778 SF
  • Lot Size 4.27 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1981
  • Date Updated Mar 26, 2024
Birmingham offers a combination of affordability, a strong economy, a growing population, a strategic location, and development opportunities, which makes it a promising location for investing. Birmingham has a diverse economy with a variety of industries, including healthcare, banking, and manufacturing. The city is home to several Fortune 500 companies, including Regions Financial Corporation and Vulcan Materials Company. Birmingham's population has been steadily increasing, which is good for investors. Birmingham also benefits from being in a strategic location for business and investors, being well connected with major highways and driving distance to other major cities such as Atlanta and Nashville.Selling on the Ten-X auction platform in April. This is an excellent opportunity to acquire the Parkway Square Shopping Center on the north side of Birmingham, which has 36,778 rentable square feet and is situated on approximately 4.27 acres. The property is currently 94% occupied with one vacant suite. There is significant upside by getting the rental rates up over time, as the current base rental rate averages $7.44/SF. The property was recently painted, and the roofs were also replaced at an expense of over $150,000.

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Highlights

  • Excellent opportunity to acquire this shopping center for under $60/SF.
  • Strong property visibility with signage along bustling Hwy 75, with 35,450 cars passing per day, and near the Birmingham International Airport.
  • Well maintained, with the entire center having recently been painted and a new TPO roof installed at an expense of over $150,000.
  • Robust local demographics with over 100,000 residents residing within a 5-mile radius.
  • Proximity to a solid mix of local and national retailers, restaurants, car dealerships and Huffman Magnet High School across the street.
  • High foot traffic of 69,100 estimated annual visits (2023)
  • Average 2023 Household income in a 5-mile radius of $68,676 with strong 16.8% growth projected in the next 5-years.

Contacts

broker

Elliott Kyle

Skyline Seven Real Estate

(404) 812-8927

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Bike Score ®

    37/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Birmingham, AL
  • Neighborhood Killough Springs
  • Zip Code 35215
  • Market Birmingham

Points of Interest

  • Marathon

    2.49 miles

  • Shell

    2.54 miles

  • Chevron

    2.78 miles

  • RaceWay

    2.80 miles

  • Kangaroo Express

    3.00 miles

  • BP Fuel

    3.40 miles

  • Shell

    3.46 miles

  • Texaco

    3.47 miles

  • Marathon

    3.82 miles

  • Texaco

    3.83 miles

  • Emergency Parking

    1.75 miles

  • Zaxby's

    3.84 miles

  • Birmingham-Shuttlesworth International Airport Parking Garage

    5.33 miles

  • Paddock

    6.88 miles

  • Handicap parking

    6.96 miles

  • student

    7.24 miles

  • bus parking

    7.44 miles

  • DePaul Building Parking

    9.37 miles

  • St. Vincent's Deck Three Parking

    9.42 miles

  • St. Vincent's B-Lot Parking

    9.48 miles

  • Exotic Wings & Things

    0.05 miles

  • Griddle House

    0.26 miles

  • Captain D's

    0.29 miles

  • Church's Chicken

    0.46 miles

  • Wendy's

    0.59 miles

  • Costa's Famous Bar-B-Que

    0.60 miles

  • Sonic

    0.74 miles

  • Zatie's Southern Cuisine

    1.18 miles

  • El Taquero

    1.25 miles

  • Popeyes

    1.30 miles

  • Meat Depot

    0.48 miles

  • Food Giant

    1.13 miles

  • Aldi

    1.35 miles

  • Walmart Neighborhood Market

    1.45 miles

  • Walmart Supercenter

    1.98 miles

  • Grikey's Meat & Market

    2.17 miles

  • JCPenney

    2.69 miles

  • Pinncale Shopping center

    2.74 miles

  • Belk

    2.84 miles

  • Tutwiler Farm

    2.87 miles

Frequently Asked Questions

What is the total square footage of Parkway Square?

Parkway Square totals 36,778 square feet.

When was this property built?

Parkway Square was built in 1981.

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Contact Listing Broker

broker

Elliott Kyle

Skyline Seven Real Estate

(404) 812-8927