640 Co Rd Florence, AL 35634
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.