109 Foothills PkwyChelsea, AL 35043

Property Details for 109 Foothills Pkwy

Year built

2007

Lot size

1.52 AC

Property size (Sq ft)

12,000 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

98270001004000

APU

98270001004000

Description

This exceptional Class A medical office space, located at 109 Foothills Parkway in Chelsea, Alabama (zip code 35043), offers a prime opportunity for medical practices or office users. The property, known as Chelsea Towne Station, is situated near the intersection of Foothills Parkway and Old Highway 280, providing convenient access to major thoroughfares. The building boasts a total of 11,200 square feet, with multiple tenancy options available. Currently, 4,800 square feet of vacant space is immediately available, divisible into units as small as 4,800 square feet, with a maximum contiguous space of 4,800 square feet. This presents a flexible solution for businesses of varying sizes. The building's convenient location offers proximity to essential amenities, including Publix, Winn-Dixie, and a Super Walmart, enhancing the convenience for both tenants and their clients. The property is located in Shelby County and benefits from its strong infrastructure and growing community. This is an excellent opportunity to establish a presence in a thriving area with high visibility and accessibility. The building's Class A designation reflects its high-quality construction and modern features, ensuring a professional and comfortable work environment. Inquire today to learn more about leasing options and secure your space in this desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,932,000

  6.5%

  $2,706,460

  7%

  $2,513,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,032,870

  Geo Method

  $2,434,350

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,308,990

  Mixed-Use / Specialty

  $2,684,240

  Hospitality / Lodging

  $1,952,970

  Office

  $2,655,190

  Institutional / Educational

  $2,786,030

  Residential Income

  $3,259,660

  Multifamily

  $3,979,180

  Automotive / Energy

  $2,388,030

  Parking / Income-Based Land

  $836,504

  Restaurant / Food Service

  $1,369,250

  Healthcare / Senior Housing

  $2,765,530

Location Insight

City

Chelsea

County

Shelby

State

Alabama

Latitude

33.3495

Longitude

-86.6343

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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