1014 Forest AveLuverne, AL 36049

Property Details for 1014 Forest Ave

Year built

2018

Lot size

0.78 AC

Property size (Sq ft)

5,616 SF

Property type

Medical offices

Property subtype

Medical centers

APN

24 15 02 04 2 000 016.000

APU

241502042000016000

Description

This exceptional 5,600 square foot medical office building is situated on a 0.83-acre lot in Luverne, Alabama, at 1014 S. Forest Avenue. Currently configured as a state-of-the-art dialysis facility, this property boasts excellent condition and a highly visible location on a major roadway near the downtown area. The building is zoned B-3, offering flexibility for various medical or potentially other uses. Ample on-site parking is available for patients and staff. The property is offered at $1,495,000 and possession is available at closing. This presents a unique opportunity to acquire a well-maintained, strategically located medical facility in a thriving community. The property's size and zoning provide considerable adaptability for a range of healthcare or other suitable businesses. Its prime location ensures high visibility and convenient access for clients. All interested parties are encouraged to explore the potential this exceptional property offers. The property is located in Crenshaw County, Alabama, zip code 36049.

• CAP approach

  CAP return

  Valuation

  6%

  $760,601

  6.5%

  $702,093

  7%

  $651,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $380,102

  Geo Method

  $399,241

• Alternative Use

  Use

  Valuation

  Residential

  $870,596

  Hospitality

  $797,461

  Educational

  $663,478

  Medical

  $686,296

  Retail

  $1,032,077

Location Insight

City

Luverne

County

Crenshaw

State

Alabama

Latitude

31.7014

Longitude

-86.2659

Property Tax & Assessments

FAQs

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