1207 Azalea PlBrewton, AL 36426

Property Details for 1207 Azalea Pl

Year built

1995

Construction

WOOD

Property size (Sq ft)

3,982 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

15-04-20-1-013-005.001

APU

1504201013005001

Description

This exceptional 3,971 square foot medical office building presents a unique investment opportunity. Situated on a spacious 31,800 square foot lot, the property boasts a single-tenant occupancy, offering immediate income potential or the flexibility for redevelopment. Constructed in 1995, the building features wood frame construction with attractive brick veneer. The building's former use as a cancer radiation treatment facility speaks to its robust infrastructure and suitability for various medical or healthcare-related businesses. The entire 3,971 square feet is currently vacant, providing a blank canvas for a new tenant or a complete renovation. The property is zoned B-2, Local Business District, allowing for a range of potential uses. The asking rental rate is $19.00 per square foot, net-net. This one-story building offers convenient access and ample parking, making it an attractive option for both tenants and investors. The combination of its size, location, zoning, and former use makes this property an ideal acquisition for those seeking a strong foothold in the medical office market or a strategic redevelopment project. The property's solid construction and substantial lot size offer significant long-term value.

• CAP approach

  CAP return

  Valuation

  6%

  $539,301

  6.5%

  $497,816

  7%

  $462,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $269,510

  Geo Method

  $283,080

• Alternative Use

  Use

  Valuation

  Residential

  $617,292

  Hospitality

  $565,436

  Educational

  $470,436

  Medical

  $486,615

  Retail

  $731,790

Location Insight

City

Brewton

County

Escambia

State

Alabama

Latitude

31.1259

Longitude

-87.0742

CBSA code

12120

CBSA name

ATMORE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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