For Sale
$250,000

1823 Somerville RdDecatur, AL 35601

High-Occupancy Medical Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully occupied, two-building office complex in Decatur, Alabama. The property, located at 1823 Somerville Rd SE, 35601, encompasses 2,865 square feet on a one-acre lot with B1 zoning. The main building, a single-story Class B structure, features a reception area, multiple waiting rooms, individual offices, and dedicated patient areas. Three restrooms and six additional sinks are strategically located throughout. Abundant storage is provided via shelving and counter space. A separate heated and cooled storage building of approximately 540 square feet offers additional space with a drop ceiling, shelving, and a sink. The property boasts ample parking with approximately 15 spaces and approximately 142 feet of frontage on Somerville Road. Currently operating at 100% occupancy with a mix of executive, medical, and traditional office tenants, this NNN-leased property offers a strong return on investment. The asking price is $250,000, translating to $87.26 per square foot. This turnkey investment is ideal for a passive income portfolio or an owner-user seeking a high-traffic location. The property is situated in a high-traffic area, making it an attractive option for various medical and professional practices. The two buildings are currently under single tenancy.

Highlights

  • Fully occupied, two-building office complex in Decatur, AL.
  • 2,865 SF on a one-acre lot with B1 zoning.
  • 100% occupancy with a mix of medical, executive, and traditional office tenants.
  • NNN-leased property with an asking price of $250,000 ($87.26/SF).
  • Ample parking (approx. 15 spaces) and high visibility on Somerville Road (approx. 142 ft frontage).

Property Details for 1823 Somerville Rd

Property type
Office properties, Medical offices
Square Feet
2,865 SF
Class
B
Buildings
2
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
2

Location Insight

City
Decatur
County
Morgan
State
Alabama
Latitude
34.5768199
Longitude
-86.9724263
1823 Somerville Rd, Decatur, Alabama

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1823 Somerville Rd
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