711 Kornegay DrPrattville, AL 36066

Property Details for 711 Kornegay Dr

Year built

1991

Construction

WOOD

Lot size

0.89 AC

Property size (Sq ft)

7,748 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

26-04-18-0-001-007.004

APU

2604180001007004

Description

This exceptional 9,665 square foot commercial building, located at 711 Kornegay Drive in Prattville, Alabama, presents a unique investment opportunity. Situated on a 38,930 square foot lot zoned B-2 for general business, the property boasts two separate, nearly identical office suites (approximately 3,874 square feet each). An additional 1,917 square feet of finished attic space above Suite A provides versatile space for a breakroom or additional offices. The building benefits from a recently installed (2023) roof, a comprehensive Rainbird sprinkler system, a security system, and professionally maintained landscaping. Its strategic location off Cobbs Ford Road, with daily traffic counts exceeding 28,312 vehicles, ensures high visibility and accessibility. Proximity to I-65 (Exit 179, 1.3 miles away) further enhances its appeal. Currently, one suite is leased, offering immediate income potential and significant upside for future growth through leasing the vacant suite and/or expanding existing operations. The property's size and zoning allow for a variety of uses, making it particularly well-suited for medical-related businesses. This turnkey property offers a solid foundation for immediate occupancy and long-term growth. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,024,069

  6.5%

  $945,294

  7%

  $877,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,310,087

  Geo Method

  $1,511,325

• Alternative Use

  Use

  Valuation

  Residential

  $1,172,165

  Hospitality

  $1,073,697

  Educational

  $893,303

  Medical

  $924,025

  Retail

  $1,389,582

Location Insight

City

Prattville

County

Elmore

State

Alabama

Latitude

32.4587

Longitude

-86.4107

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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