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    1117 16Th Ave Decatur, AL 35601

    For Lease
    $18 SF/Yr ($7,031 /Mo)

    Class A, 4,500 SF, Ample Parking

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 4,500 square foot Class A medical office space is ideally situated in Decatur, Alabama, within the M-C Medical Center District zoning. Located just two blocks from Decatur Morgan Hospital, this single-tenant building offers unparalleled convenience and accessibility for medical professionals and related businesses. The property boasts a generous 0.36-acre lot providing ample parking for patients and staff. The single-span building design offers significant flexibility for build-out and customization to meet specific tenant needs. The efficient interior layout maximizes usable space, creating a functional and welcoming environment. A key advantage is the landlord's willingness to provide substantial tenant improvement packages to qualified tenants, making this an attractive opportunity for those seeking a move-in ready space or significant customization options. The property is zoned for medical uses, including pharmacies, making it suitable for a wide range of healthcare providers. This prime location, combined with the building's features and the landlord's commitment to tenant satisfaction, presents a rare opportunity to establish or expand a successful medical practice in a thriving community. The address is 1117 16th Ave SE, Decatur, AL 35601.

    Property Features for 1117 16Th Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF
    Total Rate
    7031.25

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,500 SF
    Rate per SF
    $18

    HighLights

    • 4,500 SF Class A medical office building in Decatur, AL's M‑C Medical Center District.
    • Ample parking on a 0.36‑acre lot.
    • Two blocks from Decatur Morgan Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Robertson Brian P Physical Therapist Richard Sharp Orthopedic Surgeon Robert Tapscott Orthopedic Surgeon John Riehl Orthopedic Surgeon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.96741976
    Latitude
    34.58986808

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    FAQs

    What type of property is this?
    Individual retail property - Class A, 4,500 SF, Ample Parking
    Where is this individual retail property located?
    The property is located at 1117 16Th Ave Decatur, AL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 4,500 SF Class A medical office building in Decatur, AL's M-C Medical Center District.; Ample parking on a 0.36-acre lot.; Two blocks from Decatur Morgan Hospital.
    Request Owner's contact information
    1117 16Th Ave Decatur, AL 35601
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    Decatur, AL 35601
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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
    1117 16Th Ave Decatur, AL 35601
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