224 1st St N - Medical FOR SALE


Alabaster, AL 35007
$3,103,448 USD
205-394-3520
224 1st St N, Alabaster, AL for Sale
$3,103,448 USD
Medical - FOR SALE
1/19
null | 7.25% Cap Rate

224 1st St N
Alabaster, AL 35007


HIGHLIGHTS

  • 26,600 vehicles per day and seamless connectivity to I-65.
  • Average household incomes exceeding $112,000 within a 5-mile radius.
  • Less than one mile from Shelby Baptist Medical Center.

OVERVIEW

Multi-tenant medical office building located in the heart of Alabaster’s booming healthcare corridor, surrounded by top providers and amenities along the prestigious Main Street Medical Mile. Acquisition pricing presents a compelling discount to today’s medical office construction costs, creating significant intrinsic value from day one. Prominently positioned on Highway 31 with visibility to over 26,600 vehicles per day and seamless connectivity to I-65. Located in a high-income trade area with average household incomes exceeding $112,000 within a 5-mile radius, supporting strong patient volumes and tenant performance. Less than one mile from Shelby Baptist Medical Center, a regional destination drawing over 51,000 patient visits annually, driving traffic and reinforcing the area’s medical ecosystem.

FOR SALE DETAILS

PRICE

$3,103,448 USD

PRICE/SF

$156 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillside Office Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

B1

APN/PARCEL ID

13-7-35-4-001-020-000

ASK ABOUT THIS PROPERTY

Adam BaxterStream Capital PartnersMore Info
205-394-3520

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Adam BaxterStream Capital PartnersMore Info
205-394-3520

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.