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216 S Marengo St, Florence, AL 35630

Office condominiums available for sale or lease in Florence, AL.

Space Size1,446 SF - 1,582 SF
Property Size5,685 SF
Days on Market2372

Property Features for 216 S Marengo St

General Information

Standard status Active
Size 1,446 SF - 1,582 SF
Property subtype Office
Lease Type NNN

Building Details

Building Size 5,685 SF
Year Built 1973
Tenancy Multiple

Spaces For Lease

at 216 S Marengo St Contact us

Suite C

Size
1,582 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Suite E

Size
1,446 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Pounders & Associates, Inc
Listed By: Justin Bishop · License #AL 000086299
Source: Crexi
Added: Feb 24, 2020 Changed: Aug 17 Last Checked: Aug 22 at 6:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pounders & Associates, Inc

Investment Insights

Based on property information with market context.

Office condominiums are available for sale or lease. The location is suitable for professional office uses. Potential uses include offices for medical professionals, accountants or bookkeeping services, insurance agents, legal professionals, engineers, finance professionals, and mortgage lenders. The property is also suitable for a medical or dental laboratory, a home medical equipment sales office/showroom, or a pharmacy.

Key Highlights

  • Office condominiums available for sale or lease.
  • Ideal location for professional office uses.
  • Suitable for medical or dental laboratory.

Property Analytics

Current Use

Dr. Timothy G. ... Physician Dr. Barry J. ... Physician Dr. Gregory S. ... Physician Dr. David L. ... Physician Retina Specialists of North ... Medical Clinic

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Computer & Electronic Repair Grocery & Convenience Store Veterinary Clinic Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.87 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

909
Businesses Nearby

Demographics for 35630, AL

32,671
Population
17,371
Households
1.9
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
25.3 sq mi
ZIP Area
1,291
Density / Sq Mi
$44,168
Median Household Income
$29,081
Median Earnings
$783
Median Rent
$153,300
Median Home Value

Market

Lease Benchmarks for Florence, AL

$15.09 /SF/Yr
Avg Asking Price
$12.5–$19.62 /SF/Yr
Price Range
2,223 SF
Avg Space Size

This space is priced 17% below the average of $15.09 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office condominiums available for sale or lease in Florence, AL.
Where is this office units located?
The property is located at 216 S Marengo St Florence, AL.
What is the lease rate?
The lease rate is $12.45 SF/Yr.
What are key features of this property?
This property features: Office condominiums available for sale or lease.; Ideal location for professional office uses.; Suitable for medical or dental laboratory.
(256) 766-0998 Call to check price and availability
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