The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-08-18
MARKET FOR REAL
ESTATE CONTINUES
ACTIVE, IS STATED
Big Sales of Downtown
Property Reported and
Many Long Time
Leases Made
Nv CLIFToN o. pI.AuvEi.r

ket of this city has been marked with
the sale of approximately $4,000 worth
of prominent downtown property, $780,
5000 of long leases, $4,000 of new con-
struction work. both residential and bus
mess, and possibly another $4,000 in
the sale of small homes and residential
property.
The two sales of downtown property
consisted of the sale of the Acme Laun-
dry from Frank Nelson, Jr., and as
sociates to the Peerless Laundry cor
poration for $4,000. which was nego-
tated by A. A Gambil of the A. A.
Gambill Realty company, and the sale
of rs feet on the north side of Second
avenue. between Twenty-first and Twen-
~ second streets. negotiated by the W.
e. Leedy Real Estate and Insuprance
company, for the sum of 10000
The Acme Laundry, which was sold to
the Peerless Laundry corporation, Will
be incorporated in a chain of laundries
which is owned and operated in this
city and several other leading cities of
the south; The names of the purchasers
not given for publication. but it is un-
derstood that they have great faith in
the possibilities and the future growth
of Birmingham and that the purchase
was made purely as an Investment
CONSTRUCTION WORK
OF the construction work begun last
week, over $4,000 was by the Birming-
ham Realty company. The work en-
braces the construction of several ware
houses which will be built in close prox-
unity to their other warehouses owned
by the company, between Sixteenth and
Seventeenth streets, and the remainder
will be taken up in the construction of
approximately $4,000 worth of residences
in Norwood and Chestnut Hill. The
residences will cost between $1,000 and
$1,000 each.
The remaining $4,000 of new construc-
ton work is being carried out by the
Jemison Real Estate and Insurance COM
pany, and includes the construction of
about 10 houses. averaging between 5000
and $4,000 each at Mountain Terrace;
several others averaging about the same
amounts each at Glenwood avenue and
the new Country club site, together with
the construction of 10 dwellings, and 10
small business properties in Fairfield
for the Fairfield Land company.
The biggest lease of the week was put
over by the, w, b. Leedy Real Estate
| and Insurance company and consisted of
| the lease of the ee-story brick build
| ing at the southwest corner of Second
l i &s-4l. a. -
| G. Patterson Cigar company for a long
period of years for a rental approx
mating $4,000 The property leased has
frontage of Is feet on the west side of
| Twentieth street and IS feet on the south
side of Second avenue.
LARGE LEASE MADE
Another large lease was put over by
! the Jen1ison Real Estate and Insurance
company and consisted of the renting of
new warehouse, which will be built by
| the Birmingham Realty company for a
| cost approximating $4,000 and for a
rental of $4,000 for period of 10 years
| to the Goodyear Tire and Rubber COM
pany.
! Besides the large lease of Second ave-
nue. property the w. B. Leedy company
announced the sale of the following
property: No. 1119 Hickory street, to
| Clarence NJ. Tardy for $500; No. sol
Ethel avenue, Owenton, to r. Y. Miller
| for S3675; No 500 Woodland avenue. to
| Charles B. Nelson for 1880; No 2s10
| Farview Circle to the First Presby-
| terrain church, which residence is to be
occupied by their pastor, Rev. John Mac
Sporran, for $500: No. 1881 Nolan ave-
| nue., to F. o. Harvey for $3.50; besides
several other deals which are not yet
ready for publication.
One of the other local real estate
rs u, \, a Itt,%i nc
| the past week is the Yancey Real Es-
| tate & Insurance company which has
| during the past week or 10 days put
| over approximately $685. worth OF
sales in small residences.
1t reports the following sales; resi-
dence at 140S Cullom street for $4,000
residence at sos Woodlawn avenue for
| $4,000 residence at SIG Georgia street
for $4,000 residence at 923 Alabama
street for $4,000. residence at s24 Wood
LAWN avenue for 1880, residence at 21SI
sixteenth avenue for $1,000, residence a.
Pip Ridgepark avenue for $4,000, resi-
dence at 1901 Nelson avenue for s1o,50o
residence at 1009 Woodlawn avenue fol-
$4,000. These sales were all negotiated
by Fl. l.. Farley of the Yancey Rea
Estate & Insurance company.
SALE OF SMALL HOMES
Other real estate dealers of the city
reported an excellent weeks work aver
aging it is said. between $4,000 ant
$50, 900 worth of the sales of small
homes and business property.
The situation with regard to houses
| for rent in this city was reported as
unchanged. ]. C. Beatty. of the Bir
mingham Realty company stated thai
the number of people living out in the
edge of Norwood in tents were steadil,
increasing with not much hope of be-
ing able to obtain houses by the open
ing of the rental season in October. He
also stated that his company was con
tinually building more houses to hell
| the situati ton and had about 40 or 80 IL