223 1St StAlabaster, AL 35007

Property Details for 223 1St St

Year built

1984

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

3,290 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

137354402004000

APU

137354402004000

Description

This exceptional 3,290 square foot office space presents a unique opportunity in Shelby County. The property features a flexible layout, ideal for a variety of uses, including medical and traditional office settings. Currently configured with a fully built-out dentist office, this space offers immediate occupancy potential for a dental practice or similar medical operation. Alternatively, the adaptable design allows for easy customization to suit other professional office needs. The building boasts two 1,645 square foot floor plans, one on each level, providing ample space and separation if needed. Enjoy excellent visibility from US Highway 31, enhanced by available pylon signage opportunities, ensuring high traffic and brand recognition. Convenient parking is available both at the front and rear of the building. The location is highly desirable, situated less than one mile from Shelby Baptist Medical Center, offering easy access for patients and staff. This property is available for both lease and sale, providing flexibility to suit your business requirements. The single-tenant occupancy ensures privacy and control over your workspace. Don't miss this chance to secure a prime location for your business in a thriving area. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $695,849

  6.5%

  $642,322

  7%

  $596,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $535,908

  Geo Method

  $641,747

• Alternative Use

  Use

  Valuation

  Residential

  $796,480

  Hospitality

  $729,571

  Educational

  $606,995

  Medical

  $627,870

  Retail

  $944,214

Location Insight

City

Alabaster

County

Shelby

State

Alabama

Latitude

33.2464

Longitude

-86.816

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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