100 Elecia Ln, Unit 2 Foley, AL 36535-8970
- Medical offices
- 2,508 SF
- 0.33 lot acres
Current Use by Public Records
- Dr. Brandy Adams / Dentist / Practitioner Service Location
Property Details for 100 Elecia Ln
- Year built
- 1999
- Lot size
- 0.33 lot acres
- Property size
- 2,508 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 54-05-21-2-000-002.012
- APU
- 5405212000002012
Description
This exceptional 2,377 square foot single-tenant medical office building presents a unique investment opportunity. Located in Foley, Alabama, this Class B property boasts a prime location, situated on 0.33 acres of land and built in 1999. The building features a single story, offering convenient access and functionality. Currently vacant, this turn-key dental office is ready for immediate occupancy. The interior layout is thoughtfully designed, including five treatment rooms, a panoramic X-ray area, a dedicated lab room, a spacious reception/waiting area, a private consultation suite, a convenient breakroom, and ample office space. Its strategic location offers unparalleled convenience and accessibility. It's approximately 0.25 miles from South Baldwin Regional Medical Center, 0.1 miles from AL Hwy 59, and 3.6 miles from Foley Beach Express, ensuring high visibility and easy access for patients and staff. The property is zoned B-1A Extended Business District & FMOC-Foley Medical Overlay District, making it ideal for medical practices. With an estimated 33,695 households within a 10-mile radius, this property offers significant potential for growth and profitability. The building's single-tenant occupancy simplifies management and provides a stable income stream. This is an exceptional opportunity to acquire a well-maintained, strategically located medical office building in a thriving community. The property is ready for immediate use, offering a seamless transition for any medical practice seeking a move-in ready space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $255,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $220,000
- Mixed-Use
- $220,000
- Hospitality
- $255,000
- Educational
- $240,000
- Residential Income
- $235,000
- Energy
- $230,000
- Income-Based Land
- $225,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Foley
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.6816
- Latitude
- 30.4286
- CBSA code
- 19300
- CBSA name
- DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA