Medical/Office Building on Highway 98, Foley, AL

Office for Sale
Catylist Listing ID: 30335495
Property Subtypes: Medical, Flex Space, Office Building, Other
Building Size (RSF): 12,665 SF
Gross Building Area: See Agent
Gross Land Area: 1.77 Acres
Sale Price: $1,650,000
Unit Price: $130.28 PSF
Property Use Type: Investment, Business
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2018

Overview / Comments

Great location close to the Beach Expressway in Foley off of HWY 98/Laurel Avenue. The approximate 12,665 sf building sits on approx. 1.77 Acres close to the corner of Hickory Street and Highway 98 with 297.7 frontage on 98. The building was renovated in 2007 and has been used as a medical facility; however, good uses could also be attorneys' offices, a satellite office for a hospital, or a multi-tenant office/medical building. All interior walls are free-standing which makes reconfiguration easier. Included in the square footage is a 2,665 sf 2-story house which was converted to an office in 2002 and later renovated in 2006. In this portion of the property on the first floor are three offices, a large conference room, a waiting area/office, a kitchen/break room area, a restroom, and an enclosed breezeway/porch connecting the large building with the renovated house. Upstairs are 3 more offices with a restroom. In the one-story 10,000 sf building, the floor plan includes 2 waiting rooms, approx. 33 exam rooms/offices, a lab with 2 bathrooms, a staff bathroom, a triage room, centrally located large nurses station, 2 more restrooms, 1 shower for his with a sauna and 1 shower for hers with a sauna, another bathroom with lockers, 6 miscellaneous rooms that could be used as additional office or storage space, a kitchen/break room and a hydro-pool. See floor plan attached.
Two large generators are also on the property, as well as a portable storage building.
Nicely landscaped, partially-fenced property with ample parking exists and there is a large approximate 24' X 15' patient-drop-off portico attached.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-09-29-3-000-025.000
Zoning: B2
Property Located Between: Cedar & Hickory Streets, off of HWY 98
Property Visibility: Excellent
Site Description: Approximately 297.7' frontage on Highway 98
Year Renovated: 2007
Exterior Description: Metal-framed building with brick veneer.
Parking Type: Structure
Total Parking Spaces: 73
Interior Description: All interior walls are freestanding.
Lot Frontage: 297.7'
Lot Depth: 292X280
Legal Description: 297.7' X 294.3' IRR COM AT THE NW COR OF SW 1/4 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).

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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

Contact

Photograph of Listing Agent

Amanda Goldman

Stirling Properties Mobile Gulf Coast CMLS Member
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