302 Dr Hicks Blvd Florence, AL 35630-6160
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.
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Northwest Alabama Cancer Center: Hagler Karl T MD Physician
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Dr. Hemant K. Patel Physician
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Hemant Kantilal Patel Physician
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Udit Yadav, MD Physician
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Crystal Keeton Physician
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
2 · Florence, ALFlorence. Always verify with local authorities before improvements.
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.