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2969 Pelham Pky
Pelham, AL 35124

$3,263,000 USD

Storefront For Sale  •  31,598 SF

Property Details

• Property Type Storefront
• Total Building Size 31,598 SF
• Lot Size 2.73 AC
• Building Class C
• Year Built 1987
• Cap Rate 7.50 %
• Tenancy Multiple
• Zoning B-2

40 Walk Score

Highlights

31,598 SF unanchored retail center currently 82% occupied, with in-place rents significantly below market.

~13% pro-forma cash-on-cash return at the asking price.

Exceptionally strong demographics with an average household income exceeding $126,000 within a 5-mile radius.

Longstanding local tenancy provides operating stability while reducing near-term rollover risk.

Prominent positioning along Pelham Parkway with over 35,996 VPD and surrounded by national retailers.

Offered at $103.27 PSF, providing an attractive basis with value-add potential.

Cap Rate:

7.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Abstract Imaging Photo	1,307 SF	12/31/2026
Barbershop Cuts	1,049 SF	1/31/2027
Immigration Lawyer	1,805 SF	6/30/2027
Liquor Spot	1,400 SF	3/31/2031
Low Price Liquidation	1,100 SF	3/31/2029
Palma Nutrition	634 SF	8/31/2028
Quintana Cleaners	1,374 SF	6/30/2029
Rare Salon Suites	1,286 SF	6/30/2029
South City Theatre	2,256 SF	3/31/2030

Amenities

• 24 Hour Access
• Signage

Public Transportation

Airport	Drive	Walk	Distance
Birmingham-Shuttlesworth International	33 min	-	23.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	130
Type:	Surface
Included in Rent:	Yes