Office/Multi-Use Business

Withdrawn Office for Sale
Catylist Listing ID: 30061317
Property Subtypes: Medical, Mixed Use, Other
Building Size (RSF): 7,200 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $166.67 PSF
Property Use Type: Business
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Withdrawn On: 9/15/2017
Last Updated: 9/15/2017

Overview / Comments

The building was designed to readily accommodate 5 to 6 providers between the two sides, which can be seen on the plans. The building is ideal for multiple professional uses, including an Attorney complex, Real Estate business, Mortgage Company, CPA firm, etc, and the site is large enough to accommodate all of these businesses simultaneously, allowing opportunity for an owner to have a huge business and have rental income from additional businesses locating on the premises.

There are 25 parking spaces in the front plus 2 handicap spaces and 20 parking spaces in the rear plus 1 handicap space for a total of 48 parking spaces. Strategically located near downtown Foley on busy Hwy 98, between Hwy 59 and Foley Beach Express. Utilities are low due to well insulated lcynene ceiling and metal roof. Fire and Police headquarters about 1 mile away. 2 fire hydrants within 50 feet.

The site's current use is Multi-practice Medical Primary Care, Spa and Salon and Chiropractor Service Facility in operation since 2003 and relocated to current location in 2008 to newly designed and constructed building containing approximately 7200 square feet. This is a 5,000 plus patient/client based practice, located in the heart of the Foley/Gulf Shores, Alabama area which is the fastest growing area in the State of Alabama.

1. The Medical side of the complex has 6 exam rooms, 2 procedure rooms, a lab, a small consultation room, work up room, waiting room, front office with space for 4 desk chairs, 2 nurses stations with room for 3 desk chairs each, 2 provider offices, each having a private toilet and shower, and managers office, There are also 2 patient restrooms and one staff bath room.

2. Spa/Salon - Salon has 6 hair stations, 2 shampoo stations, 2 pedicure chairs, 1 manicure table, small office, 2 salon restrooms. Spa has 2 treatment rooms for facials, waxing, massage, etc, 1 vichy shower with 6 head computerized Kohler massage shower system fed by Noritiz tankless water heater ($10,000) WH system), 2 client restrooms (1 men's,1 women's) each with 2 sinks, 2 toilets, 2 showers, far infrared sauna, 8 lockers with robes, towels & crocks, dressing table w/two chairs, large mirror, magnifying mirror and hair dryer.

3. Chiropractor leases 2 regular treatment rooms and 1 oversize treatment room (Shown as relaxation room on floor plan).

The Building and the Medical Practice are being sold as separate entities. The current staff is a group of highly qualified/certified practicioners who are willing to remain after the sale, if desired by purchaser.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-08-28-1-000-006.003
Highway Access: Highway 59, South to Gulf Shores; East to Pensacola, Fl; north to I-10
Airports: Foley, Al and Mobile, Alabama
Site Description: Level Lot, approximately 1.24 acres, 130.87 ft road frontage. Plenty of room for expansion. Parking in front and back of building.
Area Description: Resort area, close proximity to Gulf Shores, Al
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,200 SF
Construction/Siding: Brick

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,850 20,555
Median Age: 40.87 40.52
Households: 6,549 8,316


Photograph of Listing Agent

Jeanne S McKay

Keller Williams Realty Alabama Gulf Coast
Gulf Coast CMLS Member
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