Renovated Commercial Property Near
707 E 9th Street Anniston, AL 36207
707 E 9th Street, Anniston, AL, 36207
$349,900
For Sale
$349,900
Versatile commercial property with two office buildings near hospital.
Property Size2,371 SF
Price / SF$147.57
Days on Market130
Property Features for 707 E 9th Street
General Information
- Standard status
- Active
- Size
- 2,371 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1920
Listing Agency
ERA King Real Estate
(256) 310-2800
Listed by
Sylvia Bentley · License #42013
(256) 310-2800
Source
Exitrealty
Added: Mar 10 Checked: Jul 16 at 8:14 am
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 ERA King Real Estate
Investment Insights
Based on property information with market context.
Located at 707 E 9th St. in Anniston, this renovated commercial property offers versatility and convenience. The property features two separate office buildings, suitable for medical, professional, or multi-tenant use. The main office building includes 5 private offices, 1.5 bathrooms, a kitchen with a breakfast area, a laundry area, and private parking. The second office building contains 3 private offices, 2 bathrooms, a kitchen, a laundry room, storage space, a private deck, and an extra storage building. Amenities include hardwood floors, fresh paint, ceramic tile, walk-in closets, vinyl siding exterior, a covered front porch with terracotta pavers, total electric, and ample parking. The property has a total size of 2371 square feet and is located near the hospital and medical community, making it suitable for medical practices, professional offices, or investment income.
Key Highlights
- Prime location steps away from the hospital and medical community.
- Two separate office buildings offer versatility for medical, professional, or multi‑tenant use.
- Totally renovated and in move‑in‑ready condition.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.5k | $20.04 |
| − Vacancy | −$5.0k | −$2.10 |
| EGI | $42.5k | $17.94 |
| − OpEx | −$17.0k | −$7.17 |
| NOI | $25.5k | $10.76 |
2,371 SF · lease $20.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$364.5K
$318.9K – $425.3K
NOI $25,515 @ 7.0% cap · market cap 7.29%
Second Best
Office B
$261.6K
$228.9K – $305.2K
NOI $18,309 @ 7.0% cap · market cap 5.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Versatile commercial property with two office buildings near hospital.
Where is this office building located?
The property is located at 707 E 9th Street Anniston, AL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Prime location steps away from the hospital and medical community.; Two separate office buildings offer versatility for medical, professional, or multi‑tenant use.; Totally renovated and in move‑in‑ready condition.
