Renovated Single-Tenant Cosmetology
For Sale
Contact for pricing
505 N Seminary St, Florence, AL 35630
Long-term occupancy is secured by a 10-year primary lease and one renewal option.
Property Size8,600 SF
Price / SF$160.35
Days on Market159
Property Features for 505 N Seminary St
General Information
Standard status
Active
Size
8,600 SF
Net Rentable
8,600 SF
Property subtype
Special Purpose
Occupancy
100%
Building Details
Year Built
1964
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Building Size
8,600 SF
Tenancy
Single
Owner Occupied
No
Listing Agency:
Marcus & Millichap - Birmingham
Listed By:
Brian Higdon · License #AL 000120340
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 2:32AM
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 Marcus & Millichap - Birmingham
Investment Insights
Based on property information with market context.
This single-tenant school property contains approximately 8,600 net rentable square feet on a fee simple parcel. Modern Academy of Cosmetology occupies the building under a lease that began October 15, 2024, with a 10-year primary term, one 5-year renewal option, and 10% rent increases every five years.
A comprehensive renovation and custom buildout completed in 2024 included a new roof, insulation, HVAC units, tankless water heaters, gas piping, upgraded plumbing, electrical improvements, cabinets, flooring, and interior and exterior paint. The lease assigns utilities, routine maintenance, and HVAC repairs to the tenant, while the landlord remains responsible for taxes, insurance, the roof, and structural components.
The property is located at 505 N Seminary St in Florence, Alabama. Florence is the primary economic hub of northwestern Alabama and part of The Shoals metropolitan area, which includes Muscle Shoals, Sheffield, and Tuscumbia.
A comprehensive renovation and custom buildout completed in 2024 included a new roof, insulation, HVAC units, tankless water heaters, gas piping, upgraded plumbing, electrical improvements, cabinets, flooring, and interior and exterior paint. The lease assigns utilities, routine maintenance, and HVAC repairs to the tenant, while the landlord remains responsible for taxes, insurance, the roof, and structural components.
The property is located at 505 N Seminary St in Florence, Alabama. Florence is the primary economic hub of northwestern Alabama and part of The Shoals metropolitan area, which includes Muscle Shoals, Sheffield, and Tuscumbia.
Key Highlights
- Approximately 8,600 net rentable SF on a fee simple parcel
- 100% leased to Modern Academy of Cosmetology
- Lease commenced October 15, 2024, with a 10‑year primary term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,419
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - Long-term occupancy is secured by a 10-year primary lease and one renewal option.
Where is this school located?
The property is located at 505 N Seminary St Florence, AL.
What is the asking price?
The asking price for this property is $1,379,000.
What are key features of this property?
This property features: Approximately 8,600 net rentable SF on a fee simple parcel; 100% leased to Modern Academy of Cosmetology; Lease commenced October 15, 2024, with a 10‑year primary term
