Occupied Medical Office Building in Troy, AL | 3.6-acres

From Hwy 231 turn South on AL Hwy 87 (Elba Hwy) property is 1 mile on the right on the corner of Spradley Dr.Introducing a prime investment or owner/user opportunity in Troy, Alabama. This medical office building consists of 4,244 sq. ft. on 0.92-acres and includes an adjacent lot consisting of 2.67-acres. Situated on a prominent corner along AL Hwy 87 offering 564 feet of fontage. Building was constructed in 2006 and has been occupied by Dermatology Solutions Group since 2017 with a recent lease extension through April 2026. Annual gross rent: $56,889. 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 a 2023 AADT of nearly 30,000 vehicles per day. Positioned on a highly visible corner lot at the intersection of Highway 87 and Spradley Drive, this property offers excellent exposure and accessibility. 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 practicioners, indicating a thriving healthcare hub. Furthermore, across the street at Oak Park includes a new single-family subdivision under construction, known as The Summit at Oak Park, reflecting ongoing growth and development in the area. Troy, the proud home of Troy University, is characterized by a diverse community and an impressive 18,000+ student body. Troy University takes pride in offering a diverse selection of over 200 student clubs and organizations, complemented by a vast alumni network of more than 175,000 accomplished individuals. This network plays a significant role in upholding the city's flourishing economy.