2606 Cloverdale Road Florence, AL $ 1,195,000
2606 Cloverdale Road
$ 1,195,000
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2606 Cloverdale Road

Florence, AL, 35633
$ 1,195,000
Baths0.0 Sq 2,926

Monthly Estimate*

$ 7,358

Listed by Maher Commercial Realty
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Studio

Single Family Home for sale in Florence, AL

for $1,195,000. This 2,926 square foot home was built in 2017 on a lot size of 0.145.

We are pleased to present a premier, stabilized commercial net-lease investment opportunity with a cap rate of 7.84% located at 2606 Cloverdale Rd (also recognized as 960 Cox Creek Pkwy) in Florence, Alabama. Constructed in 2017, this attractive 2,926 square foot single-story commercial building occupies a 6,316 square foot parcel strategically situated adjacent to the Cloverdale Village Shopping Center. The asset is fully leased to Cellular Sales of Birmingham, LLCa major corporate Verizon Wireless affiliate with an unconditional corporate guaranty from Cellular Sales of Knoxville, Inc. Delivering zero near-term capital drag, an extended lease term through 2031, and contractual rental growth, this property represents an ideal "hands-off" acquisition for a passive net-lease investor seeking immediate, predictable cash flow backed by an institutional-grade retail tenant. This is a textbook "sleep-well-at-night" net-lease asset tailored for an investor seeking premium corporate credit and zero management responsibilities. Referenced in municipal records as a flagship retail asset bought on a strong cost basis, 2606 Cloverdale Rd removes all speculative leasing risk by offering five years of uninterrupted cash flow visibility under a newly minted amendment. Backed by an essential-use tenant with contractual rent increases and a completed capital shell, this property stands out as a fortress acquisition in the robust Alabama commercial retail market. Cloverdale Rd represents a premier, institutional-grade commercial investment. The tenant's long-term commitment through 2031, combined with an ironclad corporate guarantee and a clean operational history, minimizes any downside risk for an incoming buyer. For the passive investor looking to deploy capital into a newer-construction, internet-resistant retail asset with a highly predictable yield profile and strong real estate fundamentals, this offering delivers a flawless, turn-key investment path.

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Single Family Active

Price

$ 1,195,000

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.145

Year Built

2017

Town/City

Florence

County/Region

Lauderdale

MLS | Web ID

26845343

Days on Market

3

Features
General
Zoning Commercial
HOA Fee 0
Year Built 2017
County Other
Net Operating Income 93649
Property Type CommercialSale
Special Listing Conditions Standard
Status Active
Directions Cloverdale Road and Cox Creek Parkway
City Florence
Number Of Units Total 1
Lot Size Units SquareFeet
Lot Size Square Feet 6316
Standard Status Active
Cap Rate 7.84
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Interior
Total Stories 1
Total Baths 0
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Exterior
Lot Features CornerLot
Total Parking 0
Lot Size Area 6316
Number of Buildings 1
Building Area Total 2926
Lot Size Acres 0.145
Lot Size Source Other
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* Excluded Features
List By
Maher Commercial Realty

Broker

oron@mahercr.com

Email

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$7,358
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Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/10/2026$1,195,000 -40.10% Price Down
6/9/2026$1,995,000 Listed Price

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2606 Cloverdale Road, Florence, AL, 35633 is a Single Family Home for sale at $1,195,000 with 2,926 sqft and a lot size of 0.145. 2606 Cloverdale Road is a studio with 0.0 baths and was built in 2017. The property's zip code is 35633 which is in Florence, AL