A piece of Birmingham’s history is on the market after several unsuccessful plans to redevelop it.

The Powell Avenue Steam Plant, which once provided electricity for downtown and powered the city streetcar system, is listed for sale with an asking price of $10 million.

Situated at 1830 Powell Ave. S., the plant is listed with Shannon Waltchack, with Len Shannon and Derek Waltchack as brokers.

The 80,105 square foot structure, situated in the heart of downtown, was built in 1895 by the Consolidated Electric Light & Power Co.

A property description at the website says the building is “brimming with untapped potential, awaiting the touch of a visionary developer.”

“Nestled in a prime location, rich with character and history, this special site is ready to become a cornerstone of the community,” it stated. “This space has the potential to evolve into something truly extraordinary. The possibilities are endless for creating a space that inspires connection, fosters innovation, and leaves a lasting impact.”

In December, Alabama Power announced it was withdrawing from the planned redevelopment of the plant, which came after another plan of the company’s own devising stalled.

In a statement, Alabama Power said that it has “determined that the future of Powell Avenue should be led by a team with more expertise in commercial development.”

The decision came after “much consideration and more than a decade of hard work.”

“We will be publicly listing the property for sale to identify the best group to bring this project to completion,” the statement read. “We will do our best to ensure the eventual buyer develops the property in a way that benefits Birmingham. We remain committed to making this historic landmark, located in the heart of the city, something we can all be proud of for decades to come.”

The plant was acquired by Alabama Power in 1952 and was added in 2015 to the National Register of Historic Places.

Alabama Power and Orchestra Partners, a Birmingham-area real estate development group, announced a plan back in February 2022 to redevelop the steam plant as part of a general project for Parkside.

Hunter Renfroe, principal with Orchestra Partners, said last month the company is “very excited” that the property is being listed for sale.

“This site is a critical piece to the revitalization of Birmingham, along with our development of Urban Supply on the other side of the park,” Renfroe said. “Together, these two projects will bookend Railroad Park with dense, pedestrian-friendly retail and outdoor spaces that will foster connection. We’re confident that Alabama Power will continue to be a great steward of Birmingham by ensuring that any purchaser of the Steam Plant follows a development plan that prioritizes street-level vibrancy and walkability.”

Alamo Drafthouse would have been the anchor tenant for the redevelopment project, along with retail and dining. It would have been the movie chain’s first location in the Deep South. But Alamo withdrew from the project earlier this year.

The Alamo Drafthouse redevelopment was the third incarnation of a plan to redevelop the property. Orchestra Partners first unveiled a redevelopment in 2019, and before that, Alabama Power announced its own.