Medical Office Investment

Office for Sale
Catylist Listing ID: 30320439
Property Subtypes: Medical, Office Building
Building Size (RSF): 12,804 SF
Gross Building Area: See Agent
Sale Price: $1,575,000
Unit Price: $123.01 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/21/2019

Overview / Comments

Value add opportunity on Highway 59 in Foley, AL across from South Baldwin Regional Medical Center. Occupancy currently at 74% with one unit of 3,300 sqft available. 2.37 acres with 295' of frontage on Highway 59 and access to the traffic light at E Peachtree Ave. incredible exposure on Highway 59 with an average daily traffic of 27,500 vehicles. Solid mix of local and national tenants. Could be a great opportunity for an owner occupant.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-05-21-2-000-002.010
Roof Type: Hip
Construction/Siding: Stucco
Parking Ratio: 5.2 (per 1000 SF)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,342 9,392 24,860
Median Age: 47.64 41.22 40.51
Households: 1,852 3,860 9,980
The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.