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    106-116 Hillcrest Dr Andalusia, AL 36420

    For Sale
    $1,250,000

    Prime Andalusia commercial land, multiple offices.

    Property size:
    13,265 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional investment opportunity in Andalusia, Alabama, presents a 43,560 square foot lot encompassing a 13,265 square foot special purpose commercial building located at 106-116 Hillcrest, zip code 36420. The property is priced at $1,250,000 and offers several currently rented offices, many with long-term tenants. Two offices are currently vacant, presenting immediate potential for increased revenue. The building is conveniently wheelchair accessible, enhancing its appeal to a wider range of potential tenants. This property is situated in Covington County, Alabama, providing a strategic location for business operations. The substantial lot size offers ample space for expansion or future development, making it an attractive proposition for investors seeking both immediate income and long-term growth potential. The existing rental income stream provides a stable foundation for investment, while the vacant spaces offer opportunities to increase profitability. This is a rare chance to acquire a well-maintained commercial property in a desirable location. The property's accessibility features further enhance its marketability and potential for a strong return on investment.

    Property Features for 106-116 Hillcrest Dr

    General Information

    Property type
    Land
    Square Feet
    13,265 SF

    HighLights

    • $1,250,000 asking price.
    • 13,265 square foot special purpose property with 43,560 square foot lot.
    • Located at 106‑116 Hillcrest, Andalusia, AL 36420.
    • Currently features several long‑term office tenants with two vacant suites.
    • Wheelchair accessible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.4996474
    Latitude
    31.3139241

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    FAQs

    What type of property is this?
    Land - Prime Andalusia commercial land, multiple offices.
    Where is this land located?
    The property is located at 106-116 Hillcrest Dr Andalusia, AL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price.; 13,265 square foot special purpose property with 43,560 square foot lot.; Located at 106-116 Hillcrest, Andalusia, AL 36420.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106-116 Hillcrest Dr Andalusia, AL 36420
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