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Property profile & analytics
FOR SALE
Banks

727 Cox Creek Pkwy Florence, AL 35630

6,142 SF 1.31 ac lot Built 2005
Entity Owned Absentee Owner Free & Clear
Property ID
US03-3163367
Property summary
AI-generated overview

This exceptional 9,322 square foot medical office building, constructed in 2005, is ideally situated on Cox Creek Parkway in Florence, Alabama. The property boasts a convenient 1,850 square foot covered drive-thru for patient drop-off and pick-up, enhancing accessibility and patient convenience. The well-designed interior includes two spacious waiting rooms and twelve exam rooms, along with dedicated X-ray and lab facilities. The building's layout is thoughtfully configured into three distinct pods, allowing for multiple medical professionals to operate independently, with the potential to easily add a fourth pod. A significant advantage is the presence of 3,128 square feet of unfinished space at the rear of the building, presenting substantial opportunities for expansion and customization to meet evolving needs. This versatile space could accommodate a variety of uses, expanding existing services or adding new ones. The current medical practice occupying the building is open to exploring a sale/leaseback arrangement for a portion of the space, relocating entirely, or a complete sale. The owners are also receptive to leasing the entire building, or portions thereof, and are open to lease-to-own options and potential owner financing. This presents a unique opportunity for both established medical practices and investors seeking a high-value property in a desirable location. The 1.25-acre lot provides ample parking and room for future development. This property offers a compelling combination of existing infrastructure and significant expansion potential, making it an attractive investment.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2005
Total area 6,142 SF
Lot 1.31 ac (57,062 SF)
APN 15-07-35-1-002-007-001
UPID US03-3163367
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
  • Ty D Ashley Pediatrician Physician
  • Family Practice Associates Medical Clinic
  • Ashley Tim MD Pediatrician Physician
  • Dr. Robert J. Webb, MD Pediatrician Physician
  • Southern Diagnostic Labs Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$754k
Blend (final) Blend
$750k
Owner & transaction history
FAMILY PRACTICE ASSOCIATES LLC
FAMILY PRACTICE ASSOCIATES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $900,000 +2.3%
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More about this property
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