3524 Decatur Hwy Fultondale, AL 35068-1366

This exceptional three-story, 16,686 square foot office building in Fultondale, Alabama presents a compelling investment opportunity. Located at 3524 Decatur Hwy, this stabilized property boasts 100% occupancy, generating a strong NOI of $91,974 and a 7.36% cap rate. The asking price is $1,250,000, translating to a price per square foot of $74.91. The property features a diverse tenant mix including Chick-fil-A Professional Development Center and Birmingham Podiatry, ensuring a stable income stream. Ample parking is available with 53 spaces on the 1.32-acre lot. Situated in a thriving Jefferson County submarket, this property benefits from a large adjacent residential development currently under construction, promising future growth potential. The current rents are below market, offering significant upside for the new owner. The building's diverse uses, including medical office, storefront, and traditional office spaces, cater to a wide range of potential tenants. This is an ideal acquisition for owner-occupiers seeking a smaller office space or investors looking for a strong return on investment. The price per square foot represents 48% of replacement cost, further highlighting the value proposition.