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218 N Court St 9,000 SF 100% Leased Retail Building Florence, AL 35630 $1,800,000 ($200/SF) 5.67% Cap Rate

Mixed Use Properties Alabama Florence 218 N Court St, Florence, AL 35630

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Investment Highlights

  • Site is considered a good retail / commercial in terms of its location, exposure, & access to employment, education and shopping centers, location
  • Sprinkler system and alarm
  • Overall, the subject has a functional design considering the site and building configurations.

Executive Summary

The subject property has a multi-tenant design that is currently partially owner-occupied, and has a current occupancy level of 100.0%, which is above the stabilized occupancy level estimate of 96.0% that was developed in this appraisal. The entire downstairs of the subject (7,012 SF) is occupied by the owner, while the 2nd floor (2,392 SF) is occupied by a third party tenant.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,000 SF
Building Class
C
Year Built/Renovated
1918/2018
Price
$1,800,000
Price Per SF
$200
Cap Rate
5.67%
NOI
$102,060
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.23 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Central Business District - Offices, retail sales and services, residential uses above the first floor, hospitality uses, restaurants, and civic; Entertainment District

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Beauty Loft by Reagan
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
  • Pickett on Court
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Beauty Loft by Reagan Services 99,999 SF - Lorem Ipsum -
Pickett on Court Services 99,999 SF - Lorem Ipsum -
1 1
Walk Score®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Truist
FirstBank
United Community Bank
Regions Bank
PNC Bank
Renasant Bank
First Metro Bank
CB&S Bank
Bank Independent
Cook Out

Property Taxes

Parcel Number 24-02-10-4-008-031.001 Improvements Assessment $0
Land Assessment $0 Total Assessment $127,720

Property Taxes

Parcel Number
24-02-10-4-008-031.001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$127,720
(256) 627-4578

Still interested?

Contact the broker for more information about this property

Contact

  • Linda Gist
    Linda Gist
  • Burdine and Gist

  • Listing ID: 35689888

  • Date on Market: 4/30/2025

  • Last Updated:

  • Address: 218 N Court St, Florence, AL 35630

More public record information on 218 N Court St, Florence, AL 35630

The Downtown Florence Retail Property at 218 N Court St, Florence, AL 35630 is currently available. Contact Burdine and Gist for more information.

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Photos
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Map
218 N Court St, Florence, AL for sale Building Photo- Image 1 of 8
Outside
218 N Court St, Florence, AL for sale Building Photo- Image 2 of 8
Downstairs Entry
218 N Court St, Florence, AL for sale Building Photo- Image 3 of 8
Inside
218 N Court St, Florence, AL for sale Building Photo- Image 4 of 8
Back
218 N Court St, Florence, AL for sale Building Photo- Image 5 of 8
Upstairs
218 N Court St, Florence, AL for sale Building Photo- Image 6 of 8
Upstairs Loft - 1
218 N Court St, Florence, AL for sale Building Photo- Image 7 of 8
Upstairs Loft - 2
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218 N Court St
(256) 627-4578 x

218 N Court St

Linda Gist
(256) 627-4578

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