Catylist ID:
#30868593
| Catylist Listing ID: | 30868593 |
| Property Subtypes: | Medical, Office Building |
| Building Size (RSF): | 12,650 SF |
| Gross Land Area: | 1.50 - 2 Acres |
| Sale Price: | $2,200,000 |
| Unit Price: | $173.91 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Business |
| Building Name: | Coastal Health Institute |
| Class of Space: | Class B |
| Usable Size (USF): | 12,650 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/2/2024 |
Overview / Comments
|
Bellator Real Estate, LLC proudly presents an exceptional property located at 915 W. Laurel, Foley, Alabama, strategically positioned near the Beach Expressway and HWY 98/W. Laurel Ave. Boasting an impressive 297.7' frontage on HWY 98, this property encompasses approximately 1.77 Acres and features a 12,665+/- sf building currently utilized as a medical facility.With versatile interior configurations facilitated by free-standing walls, the building lends itself to seamless renovations. The property includes a 2,665+/- sf 2-story house converted into an office in 2002, subsequently renovated in 2006. The lower level of this section comprises three offices, a spacious conference room, waiting area/office, kitchen/break room, one restroom, and an enclosed breezeway/porch connecting both buildings. Upstairs offers three additional offices and a restroom. Within the one-story 10,000+/- sf building, the thoughtfully designed floor plan encompasses: 2 waiting rooms Approximately 33 exam rooms/offices A lab with 2 bathrooms Staff bathroom Triage room Centrally located nurses station Two (2) additional restrooms 1 shower for men with a sauna and 1 shower for women with a sauna Another bathroom with lockers 6 versatile rooms suitable for offices or storage A kitchen/break room and a hydro-pool. The property also features two large generators, a portable storage building, and approximately 90 parking spaces on the nicely landscaped, partially-fenced grounds. Additionally, a 24' x 15' patient-drop-off portico is attached to the building. For added flexibility, the owner expresses interest in leasing a portion of the property from the new owner. Don't miss the opportunity to explore the potential of this well-appointed and strategically located property. See attached floor plan for further details. |
Current Tenants
| SF of Space Occupied | 3,500 SF |
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Taxing Authority: | Baldwin |
| Tax ID/APN: | 05-54-09-29-3-000-025.000 |
| Zoning: | B |
| Property Located Between: | Hwy 98 and Laurel Avenue |
| Property Visibility: | Excellent |
| Number of Stories: | 1 |
| Year Built: | 1920 |
| Year Renovated: | 2007 |
| Roof Type: | Flat |
| Construction/Siding: | Brick/Vinyl Siding |
| Exterior Description: | Brick/Vinyl Siding |
| Parking Type: | Surface |
| Total Parking Spaces: | 90 |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Lot Frontage: | 297.7 |
| Lot Depth: | 294.3 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | 297.7 X 294.3 Irr Com At The Nw Cor Of Sw1 4 Sec 29 Run Th S 50 Th E 137 For Pob Th E 297.7 Th S 294.3 Th W 225 Th N 145.4 Th W 76.2 Th N 149.7 To The Pob Sec 29-T7 S-R4e (Wd) |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,297 | 13,909 | 23,699 |
| Median Age: | 36.18 | 39.37 | 40.3 |
| Households: | 901 | 5,577 | 9,550 |
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