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Second Generation Medical Clinic 1830 Lee Ave SW 6,955 SF 100% Leased Retail Building Cullman, AL 35055 $2,100,000 ($301.94/SF)



Investment Highlights
- ±6,955 SF Medical / Professional Office Building
- 1.5 Acres (includes 0.58 AC of additional land for future development)
- Approximately 27 Parking Spaces
- Built in 2015
- Existing Medical Buildout in Place
- Existing Edward Jones Income Through December 2028
Executive Summary
1830 Lee Avenue SW presents a rare opportunity to acquire a high-quality medical office building in the rapidly growing Cullman market. Constructed in 2015, the property consists of approximately 6,955 square feet and features attractive brick, stone, and metal exterior finishes with excellent curb appeal and ample on-site parking.
The building includes extensive second-generation medical improvements, allowing a new owner or occupant to significantly reduce the time and cost associated with a traditional medical office buildout. Existing infrastructure includes exam rooms, clinical plumbing, cabinetry, reception areas, administrative offices, and support space suitable for a variety of healthcare and professional office users.
The property is currently partially occupied by Edward Jones, providing in-place rental income through December 2028 while offering substantial upside through owner occupancy or lease-up of the remaining space. The flexible floor plan can accommodate medical, dental, therapy, behavioral health, veterinary, or traditional office users.
With limited inventory of comparable move-in-ready medical office product in the Cullman market and replacement costs significantly exceeding current acquisition pricing, 1830 Lee Avenue SW offers an exceptional opportunity for owner-users, investors, and healthcare providers seeking a strategically located facility with immediate functionality and long-term value.
The building includes extensive second-generation medical improvements, allowing a new owner or occupant to significantly reduce the time and cost associated with a traditional medical office buildout. Existing infrastructure includes exam rooms, clinical plumbing, cabinetry, reception areas, administrative offices, and support space suitable for a variety of healthcare and professional office users.
The property is currently partially occupied by Edward Jones, providing in-place rental income through December 2028 while offering substantial upside through owner occupancy or lease-up of the remaining space. The flexible floor plan can accommodate medical, dental, therapy, behavioral health, veterinary, or traditional office users.
With limited inventory of comparable move-in-ready medical office product in the Cullman market and replacement costs significantly exceeding current acquisition pricing, 1830 Lee Avenue SW offers an exceptional opportunity for owner-users, investors, and healthcare providers seeking a strategically located facility with immediate functionality and long-term value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,955 SF
Building Class
B
Year Built
2016
Price
$2,100,000
Price Per SF
$301.94
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.42 AC
Opportunity Zone
Yes
Zoning
B2 - Commercial
Parking
28 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
109’ on Lee Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-05-22-3-001-002.009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $224,460 |
Property Taxes
Parcel Number
17-05-22-3-001-002.009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$224,460
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Second Generation Medical Clinic | 1830 Lee Ave SW
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