889 Elba Hwy - Medical FOR SALE


Troy, AL 36079
$774,000 USD
334-699-8000
889 Elba Hwy, Troy, AL for Sale
$774,000 USD
Medical - FOR SALE
1/5
null | 7.35% Cap Rate

889 Elba Hwy
Troy, AL 36079


HIGHLIGHTS

  • Less than 1 mile to US Hwy 231
  • Hwy 87 AADT: 15,071 VPD
  • Hwy 231 AADT: 29,935 VPD
  • Near various medical practitioners

OVERVIEW

Introducing a prime investment or owner/user opportunity in Troy, Alabama. This medical office building consists of 4,244 sq. ft. and is situated on a prominent corner along AL Hwy 87. This Class B commercial property, constructed in 2006, has been occupied by Dermatology Solutions Group since 2017 with a recent lease extension through April 2026. This asset is generating a NOI of $56,889 per year with a 7.35% cap rate. Dermatology Solutions Group is a CAP accredited, full-service, physician-owned company offering comprehensive dermatology care, management services, and growth resources throughout the southeastern US. Established in 2006, their extensive team is comprised of nearly 40 providers and over 250 employees, delivering patient-centered medical, surgical, and cosmetic dermatology services spanning 20 offices across Alabama, Florida, Georgia, and Mississippi. The building's strategic location further enhances its appeal, as it is situated less than 1 mile from Hwy 231, with an AADT of nearly 30,000 vehicles per day. Positioned on a highly visible 0.92-acre corner lot at the intersection of Highway 87 and Spradley Drive, this property offers excellent exposure and accessibility. Adjacent parcel consisting of 2.8 +/- acres is also available if expansion is desired for an owner/user. This property shares its surroundings with esteemed medical practices along Hwy 87 such as Troy Eye Care, Oak Park Dental, Enhabit Hospice, Troy Health & Rehab Center, Trulove Orthodontics, and various medical practitioners, indicating a thriving healthcare hub.

FOR SALE DETAILS

PRICE

$774,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dermatology Solutions Group

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CO

APN/PARCEL ID

1703-0810080-060000,1703-0810080-060060

ASK ABOUT THIS PROPERTY

Shannon AutyNAI TALCORMore Info
334-699-8000

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Shannon AutyNAI TALCORMore Info
334-699-8000

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