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Investment Highlights

  • A historic building with timeless charm, ideally situated in downtown Florence, offering high foot traffic and excellent visibility

Executive Summary

Attention: Medical/Healthcare Buyers, Investors/Developers, Commercial/Professional Office Space Buyers, and Multi-Tenant/Co-Working Space Buyers, and Banking Institutions.
Prime Downtown Florence Location: Versatile Professional Office Space with High-Potential Conversion Opportunities. This property offers an exceptional opportunity in the heart of historic downtown Florence, combining historic charm with modern amenities. With excellent visibility and a high-traffic location (14,340 vehicles/day per ALDOT), this property is ideal for medical, commercial, or multi-tenant use. Whether you're looking to convert it into a co-working facility or expand your business, this location has everything you need.
Built in 1998 for Colonial Bank and renovated in 2006, this 2.5-story medical office building is strategically located with 257' of frontage on E. Dr. Hicks Blvd and 282.82' on Seminary St. The building offers approximately 14,477 sq. ft. of space, including a first floor (7,315+/- sq. ft.), second floor (6,116+/- sq. ft.), and third floor (1,046+/- sq. ft. for storage). (Lot 187/188: 282.82' x 169.5')
The interior features include:
Multiple waiting rooms and exam rooms
Private offices and reception/file areas
A spacious kitchen and break-room
An oversized conference room perfect for meetings or seminars
An elevator for easy access to second floor.
Finishes include marble, ceramic tile, vinyl tile, and carpet, with extensive built-in cabinetry throughout. The third floor offers valuable storage space.
Ample asphalt parking is available with an adjoining employee lot (87.5' x 141.5'), ensuring convenience for staff and clients alike. This versatile property presents a range of possibilities for businesses and investors looking for a high-visibility, high-potential location in a historic downtown setting.
Key Highlights:
Versatile Space: Perfect for medical, commercial, banking, or multi-tenant use
Prime Location: High-traffic area with excellent visibility on two major streets
Elevator & Accessibility: Modern elevator and floor layout for easy access
Ample Parking: Dedicated parking areas for both staff and clients
Flexible Usage: Can easily be converted for retail, offices, or banking services
For more information or to schedule a showing, contact the listing office today!

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,477 SF
Building Class
B
Year Built/Renovated
1998/2006
Price
$4,083,007 CAD
Price Per SF
$282.03 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,239 SF
Building FAR
0.24
Lot Size
1.38 AC
Opportunity Zone
Yes
Zoning
B-3 - In Alabama, B-3 zoning, also known as General Business or Planned Business, is a classification for areas intended for a wide range of commercial.
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
24-06-14-2-001-047.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$774,154 CAD
  • Listing ID: 38985678

  • Date on Market: 2025-10-20

  • Last Updated:

  • Address: 201 E Dr Hicks Blvd, Florence, AL 35630

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