Medical Mile Office for Sale | 1235 1st St N, Alabaster AL

Investment Overview

1235 1st Street North is a 7,043 SF former Regions Bank branch on 1.31 acres inside Alabaster’s Main Street Medical Mile, about half a mile north of Baptist Health Shelby Hospital on US Highway 31. The classic brick building, with its cupola and columned portico, has been converted to office use and renovated inside — including enclosure of the original three-lane drive-through to create a wing with its own entrance and ADA ramp. Two tenants hold leases through 2028. The rest of the building is vacant or on short-term occupancy, so a medical, dental or professional owner-user can move in now, occupy about three-quarters of the building, and let the in-place leases help carry the note.

Investment Highlights

• Inside the Medical Mile Overlay District — medical and dental clinics are a listed permitted use
• ±0.5 mile north of the 252-bed Baptist Health Shelby Hospital
• Two full-movement median cuts on US-31, plus a parallel side road with cross-access
• 58 surface parking spaces — about 8 per 1,000 SF
• Single story with ADA ramp access and a working bank vault