701 4Th PlPhenix City, AL 36869

Property Details for 701 4Th Pl

Year built

1984

Construction

WOOD

Lot size

0.94 AC

Property size (Sq ft)

2,664 SF

Zone code

O

Property type

Office properties

Property subtype

Other office properties

APN

05 06 23 02 006 001.001

APU

5062302006001001

Description

This exceptional commercial property, located at 701 4th Place in Phenix City, Alabama, presents a unique investment opportunity. The 0.94-acre lot houses a single building constructed in 1984, offering versatile space ideal for a variety of professional uses. Its prime location provides quick access to downtown Columbus and Phenix City, the expressway, Fort Moore, Columbus State University's downtown campus, hotels, restaurants, and public transportation. The property benefits from its proximity to Highway 280 and the Colin Powell Expressway, ensuring excellent visibility and accessibility. The interior boasts recently updated features, including fresh paint (2022), luxury vinyl plank flooring (2019), a new HVAC system (2021), and updated plumbing. A new architectural roof was installed in the spring of 2023, enhancing the building's longevity and efficiency. The adaptable layout allows for customization, with several interior walls easily reconfigured to suit the new owner's specific needs, making it perfect for medical practices (doctors', dentists', physical therapists', etc.), insurance agencies, or general office space. The asking price for this well-maintained and strategically located property is $350,000. The property is zoned for office and retail use.

• CAP approach

  CAP return

  Valuation

  6%

  $338,845

  6.5%

  $312,780

  7%

  $290,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $519,640

  Geo Method

  $519,640

• Alternative Use

  Use

  Valuation

  Residential

  $387,847

  Hospitality

  $355,266

  Educational

  $295,577

  Medical

  $305,742

  Retail

  $459,786

Location Insight

City

Phenix City

County

Russell

State

Alabama

Latitude

32.452

Longitude

-85.0036

CBSA code

17980

CBSA name

COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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