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Property profile & analytics
OFF-MARKET
Office buildings

108 Locust St Florence, AL 35630-5510

2,888 SF 0.25 ac lot Built 1900
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-0924259
Property summary
AI-generated overview

This exceptional 2,888 square foot office building, situated on a 0.25-acre lot at 108 Locust Street in the heart of Florence, Alabama, presents a rare opportunity for discerning businesses. The property boasts a prime downtown location, offering excellent visibility and accessibility. Recently updated, the building features a brand new HVAC system, ensuring year-round comfort and energy efficiency. All windows and wiring have also been completely replaced, providing a modern and functional workspace. The expansive interior is ideally suited for a variety of professional uses, including law firms, medical practices, accounting firms, or any business requiring ample space. The layout is versatile and can be easily adapted to meet specific needs. This is a turn-key opportunity to establish or relocate your business in a thriving downtown area. The building's excellent condition and desirable location make it an exceptional investment. Don't miss this chance to secure a prominent presence in the vibrant Florence business community. The asking price is $219,900. Serious inquiries only.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 2,888 SF
Lot 0.25 ac (10,830 SF)
Zoning code 2
APN 24-05-15-1-003-050-000
UPID US03-0924259
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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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Deep South Investing LLC · 2 yrs held
Deep South Investing LLC
since 2023
Last sale
$85,000
2 recorded transactions
2023
$85,000
2023
$80,000
Zoning & alternative use
2 · Florence, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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