701 4th Pl Phenix City, AL 36869-6913
- Office Properties & Spaces
- 2,664 SF
- 0.94 lot acres
Current Use by Public Records
- Mary A. Hudson, CCC-SLP / Speech Pathologist
- Phenix Speech and Language Services, Inc. / Speech Pathologist
Property Details for 701 4th Pl
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.94 lot acres
- Property size
- 2,664 SF
- Zone code
- O
- Property type
- Office Properties & Spaces
- APN
- 05 06 23 02 006 001.001
- APU
- 5062302006001001
Description
This exceptional commercial property, located at 701 4th Place in Phenix City, Alabama, presents a unique investment opportunity. The 0.94-acre lot houses a single building constructed in 1984, offering versatile space ideal for a variety of professional uses. Its prime location provides quick access to downtown Columbus and Phenix City, the expressway, Fort Moore, Columbus State University's downtown campus, hotels, restaurants, and public transportation. The property benefits from its proximity to Highway 280 and the Colin Powell Expressway, ensuring excellent visibility and accessibility. The interior boasts recently updated features, including fresh paint (2022), luxury vinyl plank flooring (2019), a new HVAC system (2021), and updated plumbing. A new architectural roof was installed in the spring of 2023, enhancing the building's longevity and efficiency. The adaptable layout allows for customization, with several interior walls easily reconfigured to suit the new owner's specific needs, making it perfect for medical practices (doctors', dentists', physical therapists', etc.), insurance agencies, or general office space. The asking price for this well-maintained and strategically located property is $350,000. The property is zoned for office and retail use.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $245,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $295,000
- Mixed-Use
- $225,000
- Hospitality
- $260,000
- Educational
- $290,000
- Residential Income
- $265,000
- Energy
- $285,000
- Income-Based Land
- $285,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Phenix City
- County
- Russell
- State
- Alabama
- Longitude
- -85.0036
- Latitude
- 32.452
- CBSA code
- 17980
- CBSA name
- COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA