108 Locust StFlorence, AL 35630

Property Details for 108 Locust St

Year built

1900

Lot size

0.25 AC

Property size (Sq ft)

2,888 SF

Zone code

2

Property type

Office properties

Property subtype

Office buildings

APN

24-05-15-1-003-050-000

APU

2405151003050000

Description

This exceptional 2,888 square foot office building, situated on a 0.25-acre lot at 108 Locust Street in the heart of Florence, Alabama, presents a rare opportunity for discerning businesses. The property boasts a prime downtown location, offering excellent visibility and accessibility. Recently updated, the building features a brand new HVAC system, ensuring year-round comfort and energy efficiency. All windows and wiring have also been completely replaced, providing a modern and functional workspace. The expansive interior is ideally suited for a variety of professional uses, including law firms, medical practices, accounting firms, or any business requiring ample space. The layout is versatile and can be easily adapted to meet specific needs. This is a turn-key opportunity to establish or relocate your business in a thriving downtown area. The building's excellent condition and desirable location make it an exceptional investment. Don't miss this chance to secure a prominent presence in the vibrant Florence business community. The asking price is $219,900. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $610,825

  6.5%

  $563,838

  7%

  $523,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $470,426

  Geo Method

  $563,333

• Alternative Use

  Use

  Valuation

  Residential

  $699,159

  Hospitality

  $640,426

  Educational

  $532,827

  Medical

  $551,152

  Retail

  $828,842

Location Insight

City

Florence

County

Lauderdale

State

Alabama

Latitude

34.7975

Longitude

-87.6812

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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