106-116 Hillcrest Dr Andalusia, AL 36420
- Specialty properties
- 13,265 SF
Current Use by Public Records
- Specialty properties
Property Details for 106-116 Hillcrest Dr
- Property size
- 13,265 SF
- Property type
- Specialty properties
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Andalusia
- County
- Covington
- State
- Alabama
- Longitude
- -86.4996
- Latitude
- 31.3139
