109 Court StFlorence, AL 35630

Property Details for 109 Court St

Year built

1900

Lot size

0.03 AC

Property size (Sq ft)

2,768 SF

Property type

Office buildings

APN

24-06-14-2-006-007-001

APU

2406142006007001

Description

This exceptional 7,956 square foot office building is ideally situated on a 0.18-acre lot in the heart of downtown Florence, Alabama, at 109 Court Street. The property is move-in ready, boasting recently completed updates throughout. Its prime location offers excellent visibility and accessibility. The building presents a unique investment opportunity due to its potential for generating significant rental income. The upper level features several rentable office spaces, perfectly suited for a variety of businesses. A standout feature is a large conference room equipped with a garage door that can be raised, providing a unique view of the bustling Court Street activity below. This adaptable space could be used for various purposes, from presentations to special events. The building's versatile layout and substantial square footage offer considerable flexibility for a single occupant or multiple tenants. The asking price for this exceptional property is $1,200,000. This represents a compelling investment opportunity in a thriving downtown area with high growth potential. The combination of immediate occupancy and strong rental income potential makes this a truly attractive proposition for discerning investors and business owners alike. Don't miss the chance to own this remarkable property in the vibrant city of Florence. Schedule a showing today to explore the numerous possibilities this building offers.

• CAP approach

  CAP return

  Valuation

  6%

  $663,503

  6.5%

  $612,465

  7%

  $568,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $450,879

  Geo Method

  $539,926

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,224,610

  Retail / Commercial

  $624,291

  Mixed-Use / Specialty

  $619,164

  Hospitality / Lodging

  $450,484

  Institutional / Educational

  $642,645

  Residential Income

  $751,894

  Multifamily

  $917,863

  Automotive / Energy

  $550,838

  Parking / Income-Based Land

  $192,954

  Restaurant / Food Service

  $315,841

  Healthcare / Senior Housing

  $637,916

Location Insight

City

Florence

County

Lauderdale

State

Alabama

Latitude

34.7999

Longitude

-87.6755

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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