1901 Mulberry StMontgomery, AL 36106

Property Details for 1901 Mulberry St

Year built

1976

Construction

WOOD

Lot size

0.32 AC

Property size (Sq ft)

2,929 SF

Zone code

B-2

Property type

Healthcare properties

Property subtype

Medical offices

APN

10-04-17-3-028-001.000

APU

1004173028001000

Description

This exceptional 2,889-square-foot medical office building at 1901 Mulberry Street in Montgomery, Alabama, is available for sale/leaseback at $750,000 ($259.61/SF). Built in 1976, the single-building property boasts eight treatment rooms, three private offices, a break room, a waiting room, and three restrooms. The building offers excellent visibility and accessibility, with 100 feet of frontage on Mulberry Street and 140 feet on 5th Street. Ample parking is provided with twenty spaces in a rear lot. The property is conveniently located in Montgomery, zoned Commercial, and features a covered entryway. This turnkey medical facility presents a unique investment opportunity with high potential for return. The property's prime location and extensive amenities make it an ideal setting for a variety of medical practices. Its strong street presence and abundant parking ensure convenient access for patients and staff. Don't miss this chance to acquire a well-established medical office building in a thriving Montgomery location.

• CAP approach

  CAP return

  Valuation

  6%

  $379,441

  6.5%

  $350,253

  7%

  $325,235

• Comparable approach

  Method

  Valuation

  Relative Method

  $571,331

  Geo Method

  $571,331

• Alternative Use

  Use

  Valuation

  Residential

  $434,314

  Hospitality

  $397,829

  Educational

  $330,989

  Medical

  $342,372

  Retail

  $514,872

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3609

Longitude

-86.2829

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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