406 Medical Park DrAtmore, AL 36502

  • Healthcare properties
  • 4,159 SF
For Lease
$20/SF/YR View listing

Property Details for 406 Medical Park Dr

Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.72 AC
Property size (Sq ft)
4,159 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
26-09-29-4-011-011.005
APU
2609294011011005

Description

This exceptional retail property, located at 406 Medical Park Dr in Atmore, Alabama, presents a fantastic leasing opportunity. The single-tenant building offers 4,200 square feet of versatile commercial space, ideal for a variety of retail businesses. Situated on a 0.07-acre lot, the property boasts ample parking with 25 spaces available for customers and employees. The convenient location in Atmore, Escambia County, ensures high visibility and accessibility. The property is zoned B-1, allowing for a range of commercial uses. This is a turn-key opportunity for a business seeking a well-maintained space in a thriving community. The property's size and parking make it suitable for businesses requiring significant customer traffic and convenient parking. The address is 406 Medical Park Dr, Atmore, AL 36502. The property is ready for immediate occupancy. Interested parties should inquire about lease terms and conditions. This is a rare opportunity to secure a prime retail location in a growing market. The property's location and zoning make it an attractive investment for businesses seeking a strong presence in Atmore. The ample parking ensures a positive customer experience.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $563,273
    6.5%
    $519,944
    7%
    $482,805
  • Comparable approach

    Method
    Valuation
    Relative Method
    $281,489
    Geo Method
    $295,663
  • Alternative Use

    Use
    Valuation
    Residential
    $644,731
    Hospitality
    $590,570
    Educational
    $491,347
    Medical
    $508,245
    Retail
    $764,318
406 Medical Park Dr, Atmore, Alabama

Location Insight

City
Atmore
County
Escambia
State
Alabama
Latitude
31.0171
Longitude
-87.4801
CBSA code
12120
CBSA name
ATMORE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,804
-
-
$96,080
-
$62,900
$417,500
$480,400

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