Reserve on 3rd_Property for Sale
Reserve on 3rd_Property for Sale

Reserve on 3rd

304 20th Street South, Birmingham, AL, 35233, US

Description

JLL, as exclusive advisor, is pleased to present Reserve on 3rd, a 111-unit mixed-use opportunity located in Birmingham, AL (the “Property”). The Property features Studio, 1-, 2-, and 3-bedroom apartments that include wood designed plank flooring, lofty 10’ ceilings, glass surface stovetops, brushed nickel hardware and lighting, and ceramic tiled bathrooms.


The Property consists of two buildings, referred to as Building 1 and Building 2. Building 1 was delivered in 2016 and contains 36 units and ±8,707 SF of retail. Notable tenants include Starbucks, Chipotle, and AT&T. Building 2 was delivered in 2017 and contains 75 units and ±35,958 SF of retail, which is fully occupied by Publix.


Reserve on 3rd presents a unique opportunity to acquire a Class A, highly amenitized, mixed-use asset below replacement cost within the economic hub of Birmingham. The Property benefits from the area’s strong tenant base, robust economy, and strategic location within the urban core of Birmingham, presenting residents with unparalleled access to shopping, dining, entertainment, and employment opportunities.

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Attributes

Units
111
Year built
2017
Occupancy
93%
Land area gross
1.93 acres
Parking spaces
311
TOTAL RESIDENTIAL NRSF
98,409

Media

Investment highlights

  1. CLASS A PRODUCT OFFERED BELOW REPLACEMENT COST
  2. PUBLIX-ANCHORED RETAIL OFFERING TENANTS WITH UNPARALLELED ACCESS TO SHOPPING & DINING
  3. WALKABILITY TO UAB
  4. OUTSIZED YOY NOI GROWTH
  5. NEAR STABILIZED SUPPLY SUPPORTS FUTURE RENT GROWTH
Reserve on 3rd 4_Property for Sale

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Last updated
Jul 22, 2026