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1088 9th Avenue SW, Bessemer, AL 35022

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For Sale

$2,800,000

10,093 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $277.42
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Three tenants: an internal medicine practice, a nephrology group, and a hearing aid/audiology clinic. All on NNN leases. Roof replaced 2024, several HVAC units replaced, some upgrades scheduled for near near future. Desirable investment because experts estimate that medical office buildings generate a higher percentage of bonus depreciation than other investment types, typically in the 40% to 60% range. Buyers must confirm with their own tax professionals, but if the estimates are accurate, then based on an 80% improvement to total property ratio, first year bonus depreciation would be in the range of $896,000 to $1,344,000
MLS# 168859

Courtesy Of Butler Evans Real Estate, Inc.

(205) 310-3799

Property Features

  • Age
    31-40 Years Old
  • Lot Size
    1.64 Acres

Map and Directions

Directions to 1088 9th Avenue SW, Bessemer, AL 35022

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.