2401 Hospital DrNorthport, AL 35476

Property Details for 2401 Hospital Dr

Year built

1996

Construction

WOOD

Lot size

1.08 AC

Property size (Sq ft)

4,020 SF

Zone code

O-I

Property type

Healthcare properties

Property subtype

Medical offices

APN

31-02-10-3-011-005.000

APU

3102103011005000

Description

This exceptional 4,020-square-foot medical office building, constructed in 1996, presents a unique investment opportunity in Northport, Alabama. Located at 2401 Hospital Drive, 35476, this single-tenant property sits on a 0.47-acre lot and enjoys convenient proximity to Northport DCH. The building's versatile layout includes a welcoming lobby with reception area, three private offices ideal for consultations or administrative tasks, a dedicated exam room, and a substantial storage room with convenient exterior access. A large treatment room offers significant adaptability, potentially accommodating multiple offices or serving as a spacious training area. Ample parking is ensured with 18 spaces, complemented by a porte-cochère for patient drop-off, enhancing accessibility and convenience. Built of durable all-brick construction, this property transcends its original use as a dialysis center, offering suitability for a diverse range of medical or professional uses. Its prime location and functional design make it an attractive prospect for discerning investors seeking a well-maintained and adaptable commercial space in a thriving Alabama community. The property's layout and features provide a solid foundation for a variety of businesses seeking a well-established presence in Northport.

• CAP approach

  CAP return

  Valuation

  6%

  $562,702

  6.5%

  $519,417

  7%

  $482,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,023

  Geo Method

  $784,141

• Alternative Use

  Use

  Valuation

  Residential

  $644,077

  Hospitality

  $589,971

  Educational

  $490,849

  Medical

  $507,730

  Retail

  $763,543

Location Insight

City

Northport

County

Tuscaloosa

State

Alabama

Latitude

33.2316

Longitude

-87.5692

CBSA code

46220

CBSA name

TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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