1207 Azalea Pl Brewton, AL 36426
For Lease
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This exceptional 3,971 square foot medical office building presents a unique investment opportunity. Situated on a spacious 31,800 square foot lot, the property boasts a single-tenant occupancy, offering immediate income potential or the flexibility for redevelopment. Constructed in 1995, the building features wood frame construction with attractive brick veneer. The building's former use as a cancer radiation treatment facility speaks to its robust infrastructure and suitability for various medical or healthcare-related businesses. The entire 3,971 square feet is currently vacant, providing a blank canvas for a new tenant or a complete renovation. The property is zoned B-2, Local Business District, allowing for a range of potential uses. The asking rental rate is $19.00 per square foot, net-net. This one-story building offers convenient access and ample parking, making it an attractive option for both tenants and investors. The combination of its size, location, zoning, and former use makes this property an ideal acquisition for those seeking a strong foothold in the medical office market or a strategic redevelopment project. The property's solid construction and substantial lot size offer significant long-term value.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.