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Property profile & analytics

302 W Dr Hicks Blvd Florence, AL 35630

  • Commercial real estate
  • 6,368 SF
  • 0.51 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US03-0495942
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by 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

Property Details for 302 W Dr Hicks Blvd

Year built
1991
Lot size
0.51 lot acres
Property size
6,368 SF
Zone code
2
Property type
Commercial real estate
APN
24-05-15-1-005-003-000
APU
2405151005003000

Description

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.


Value Estimations

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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Florence
County
Lauderdale
State
Alabama
Longitude
-87.6773
Latitude
34.7965
CBSA code
22520
CBSA name
FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,175
$13,940
$0.00
$13,940
-
$69,700
$1,070,620
$1,140,320
More about this property
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