Medical Office For Sale

Office for Sale
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: 7/17/2024

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)

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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
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