Listed by HSC Commercial Properties
Unpriced
408 1st Street North
Details
APN 13-7-35-4-001-015.001
Property Type Office
Sub Type Medical Office
Square Footage 18,500
NOI $403,278
Occupancy 84%
Tenancy Multi
Lease Type NNN
Year Built 2013
Buildings 1
Stories 2
Acreage 2.750
Parking Spaces 102 spaces
Parking Per SqFt 5.51
Investment Type Net Lease
Office | 18,500 SqFt
Marketing description
408 1st Street North is a 18,500 SF medical office property located in the heart of Alabaster, Alabama—one of Shelby County's fastest growing suburban markets. Situated on approximately 2.75 acres, the building offers a strong combination of long term medical tenancy, excellent visibility, and proximity to major medical and transportation hubs.
The property is home to established, reputable medical users: Complete Women's Care of Alabama and Urology Centers of Alabama.
Investment highlights
- Established Medical Tenants: Long term users with built out medical suites
- Growing Market: Alabaster is one of the most dynamic markets in Shelby County
- Proximity to Hospital: Less than 3/10 of a mile from Baptist Health Shelby (Orlando Health System)
- Stable Income Stream: Scheduled escalations built into leases
- Ample Parking & Accessibility: Over 5 spaces per 1,000 SF on-site, with additional overflow parking next door
Listing Contacts
Listed by HSC Commercial Properties
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$403,278.00
$33,606.50/mo
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Zoning
B-3 CommercialNeighborhood CommercialCommunity Business District
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View all 67 uses Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics
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