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Property profile & analytics
OFF-MARKET
Office Spaces

640 Co Rd Florence, AL 35634

1.16 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial property in Florence, Alabama, presents a lucrative investment opportunity. Situated on a 1.16-acre lot at 640 Co Rd 323, this offering comprises four separate buildings, each featuring office space, a half-bath, and a heated and cooled interior. Each building also includes an open warehouse area with a roll-up door, providing versatile usage options. Building #1 boasts 3600 square feet, two full baths, and a 24 x 60 lean-to. All buildings share a common parking area, and each has its own separate utilities. Currently generating income, Building #1 is available for lease at $2500 per month, while Buildings #2, 3, and 4 are leased and produce a combined monthly rental income of $3500. The asking price is $799,900, with the seller responsible for property taxes and insurance. This property offers significant income potential and is ideally suited for a variety of business uses or storage needs. The property is located in Lauderdale County, Alabama, zip code 35634. This fee-simple ownership opportunity is priced to sell.

Property profile
Verified
Property type Office Spaces
Lot 1.16 ac (50,530 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
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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