727 Cox Creek PkwyFlorence, AL 35630

Property Details for 727 Cox Creek Pkwy

Year built

2005

Lot size

1.31 AC

Property size (Sq ft)

6,142 SF

Property type

Retail properties

Property subtype

Banks

APN

15-07-35-1-002-007-001

APU

1507351002007001

Description

This exceptional 9,322 square foot medical office building, constructed in 2005, is ideally situated on Cox Creek Parkway in Florence, Alabama. The property boasts a convenient 1,850 square foot covered drive-thru for patient drop-off and pick-up, enhancing accessibility and patient convenience. The well-designed interior includes two spacious waiting rooms and twelve exam rooms, along with dedicated X-ray and lab facilities. The building's layout is thoughtfully configured into three distinct pods, allowing for multiple medical professionals to operate independently, with the potential to easily add a fourth pod. A significant advantage is the presence of 3,128 square feet of unfinished space at the rear of the building, presenting substantial opportunities for expansion and customization to meet evolving needs. This versatile space could accommodate a variety of uses, expanding existing services or adding new ones. The current medical practice occupying the building is open to exploring a sale/leaseback arrangement for a portion of the space, relocating entirely, or a complete sale. The owners are also receptive to leasing the entire building, or portions thereof, and are open to lease-to-own options and potential owner financing. This presents a unique opportunity for both established medical practices and investors seeking a high-value property in a desirable location. The 1.25-acre lot provides ample parking and room for future development. This property offers a compelling combination of existing infrastructure and significant expansion potential, making it an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,909,618

  6.5%

  $1,762,724

  7%

  $1,636,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,521,185

  Geo Method

  $3,019,108

• Alternative Use

  Use

  Valuation

  Residential

  $1,486,924

  Hospitality

  $1,362,014

  Educational

  $1,133,180

  Medical

  $1,172,152

  Retail

  $1,762,724

Location Insight

City

Florence

County

Lauderdale

State

Alabama

Latitude

34.8434

Longitude

-87.6652

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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