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Property profile & analytics
OFF-MARKET
Commercial real estate

302 Dr Hicks Blvd Florence, AL 35630-6160

6,368 SF 0.51 ac lot Built 1991
Individually Owned Absentee Owner Free & Clear
Property ID
US03-0495942
Property summary
AI-generated overview

This prime commercial office building, located at 302 Dr Hicks Blvd in the heart of downtown Florence, Alabama, presents a unique investment opportunity. The property boasts a substantial 8,750 square feet of space spread across three levels, including a finished basement with its own private entrance. The building is equipped with three-phase power, a valuable asset for many businesses. Currently, the first floor is leased, generating immediate income for the new owner. The second floor and basement spaces are available for lease, offering significant potential for increased revenue. The seller is open to leasing these vacant spaces to a suitable tenant or selling the entire property outright. This income-producing property sits on a 0.69-acre lot and is priced below its appraised value, making it an attractive proposition for savvy investors seeking a strong return on investment in a desirable downtown location. The building's central location in Florence provides excellent visibility and accessibility, making it an ideal space for a variety of commercial uses. This is a rare opportunity to acquire a well-maintained, income-generating commercial property in a thriving Alabama city. Don't miss out on this chance to own a piece of downtown Florence.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1991
Total area 6,368 SF
Lot 0.51 ac (22,315 SF)
Zoning code 2
APN 24-05-15-1-005-003-000
UPID US03-0495942
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
Current use
Occupant on record · Public records
  • Northwest Alabama Cancer Center: Hagler Karl T MD Physician
  • Dr. Hemant K. Patel Physician
  • Hemant Kantilal Patel Physician
  • Udit Yadav, MD Physician
  • Crystal Keeton Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
J PATRICK DAUGHERTY
J PATRICK DAUGHERTY
Zoning & alternative use
2 · Florence, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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