The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1920-01-04
PROPERTY BOUNDED
BY chicken RUM
is OF GREAT VALUE
Business Property of Block
Sc Estimated to Be Worth
S6,OO0,000, With Annual
4 Rental of S36O,OO0

Block Sc. bounded by Birmingham's IA
NOUS ~chicllen rum and legally desg-
mated as that property lying between
Second and Third avenues and Nine
tenth and Twentieth streets, is said TO
be the most valuable piece of real estate
Sn the south. 1t is estimated that it
would require considerably more than
se,000o00 to buy up all the real estate in
this block, and more than 100000 to
buy the four small corner stores, occu-
MED by the United Cigar company, Jaf-
fee Jewelry company, Pryor Plumlees
cigar store and Bromberg.
The combined rental value OF all the
property in this block at present prices
would approximate $4,000 per month, or
$3.50. coo a year 1t is estimated that more
than 100000 people pass given spot on
The north side OF Second avenue, between
Nineteenth and Twentieth, every "a
hours. By actual count more than 49,
900 people on foot passed the Trlanon
theatre during the five hours between
and O'Clock one day last MONTH
At the same time that 10000 people
1,assed down Second avenue, 10000 are
said to have passed down Twentieth, b.
600 down Third and 1900 down Nine
teenth street during the same 1--WE hours.
While a comparison of the amount OF
pedestrian traffic down the four sldes
OF block So shows Second avenue TO Ne
a I
Detitor. realty experts assert that the
tpercentage of buyers, people VINO stop
IN to trade. is much greater on the otner
s,ides. Third avenue merchants assert
fhat. although they get less tnan mar
the amount of traffic in front Oh tnelr
x,laces as do Second avenue merchants,
that the number of prospects wno
really buy is fully as large inc sal4 to
contention Is advanced with reference "
the streets.
RENTAL INCREASE
A. On instance of the unusual increase
~ rents in block Sc caused by high bid
dtnr among foreign as well as local wi
variations, one might consider tne go
~ PRYOR Piurnlee's cigar store IL Is STU
that Mr.. Plumlee pays $500 montn iol
this building, his lease having been
r,.de several years ago This store was
cn1v RECENTLY rented to w. G. Patter-
som nv John Leedy for what Is reputeo
~ he a rental of $1100 per month, an IN
crease Of s70o These figures are no,
<v,,a "a nteed but are based on Wen
grounded rumors. Take also the case o.
fine Gordon Loan company on Nineteen rsll
street This concern is now paying Szfo
a. month rent. but recently renewed
It, lease, beginning January !, 49, Tor
sem ner month, an increase OF more imam
100 per cent ,,,a
owned by the Roden estate, and occu-
Mel bv NJ. We'll & Bro, Jacobs Drag
Co and odom. Bowers & White were
leased quite recently for rental salu
to be $4,000 a year, being at the rate o.
$4,000 a year each, or 1888 per montn.
They formerly brought about *o" pei
month each. Nv.
on Third avenue the increases nave
been in proportion The store no" &c
cupied by Holcombe has been rented 10
M We'll & Bros for 1888 per month, ac-
ccrding to the wise ones. Hoicompe ID
said to have been paying $500
SHOE SHINE PARLOR
THAT little shoe shine parlor back OF
.plumlee's store was also leased the otn-
or day for what is said to be s2oo
month. . 49,.
On Twentieth street the. stores are
,r.,ch smaller than on Second and Thlra
avenues. Reynolds Haberdashery IS ssl
~ have been leased quite recently 10
fhe present tenants for $500 month.
!. Rronnberg is reputed to be paying slsoo a
month for his corner and that lease was
made some time back.
W6olworth and Kress on SECOND ave
+. me are occupying buildings said TO nave
= rental value of 500 month eacn. III
order to pay rent alone either OF enese
concerns, figuring their profit at ~ per
. cant must sell 100000 articles OIL ten
cant merchandise every 80 days