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Property profile & analytics
OFF-MARKET
Office Spaces

1990 Gault Ave Fort Payne, AL 35967

11,500 SF 0.49 ac lot Built 1972
Property ID
Property summary
AI-generated overview

This exceptional 11,500-square-foot medical office building in Fort Payne, Alabama, presents a unique investment opportunity. Situated on a 0.49-acre lot (21,770 square feet) at 1990 Gault Ave N, 35967, this two-story Class B building boasts a prime location at a signalized intersection, offering excellent visibility. Built in 1972 and extensively renovated in 2008 and 2015, the property includes a state-of-the-art cardiac catheterization laboratory, multiple exam rooms on both floors, two vein ablation rooms, and a fully finished 1,500-square-foot basement. Basement amenities include a steam shower, cedarwood sauna, fitness area, storage, and a bathroom. The building features a central AC system with split-zoned air control for temperature and humidity. The property also provides 28 parking spaces for staff and visitors. Zoned General Business (C-4), this single-tenancy building previously housed a cardiovascular clinic and is conveniently located just over a mile from I-59 and four miles from DeKalb Regional Medical Center. The building is equipped with modern communication systems, including monitors and flat panel screens in most rooms, and digital video boards in exam rooms and the conference room. This property offers a rare combination of functionality, modern amenities, and a strategic location within a thriving medical community. The APN is 23-02-04-2-002-036.002.

Property profile
Verified
Property type Office Spaces
Year built 1972
Total area 11,500 SF
Lot 0.49 ac (21,344 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Melaney Banks Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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