106-116 Hillcrest Dr Andalusia, AL 36420
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.
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
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.