Chiropractic Office and Residence for sale

Date Ad Posted
Contact (Reply To) Information
Contact Jeff Woodruff
Mobile, Mobile, Alabama, USA
Jeff Woodruff
Ad Details
18 year family practice (less than 1% personal injury) for sale. The front is used for a chiropractic practice, the rear is currently being rented by a massage therapist. The rear can be a home for the Dr. or used as rental income to offset expenses. The clinic has 2 IST tables, interferential, hydroculator, flexion-distraction (Leander) table, Triton DTX traction table, and has one leaded room ready for xray (previously had an xray machine), and numerous treatment tables.

The clinic is located in West Mobile along probably the second or third busiest roads in Mobile, Schillinger Road. On March 9, 2019, the building was appraised for $210,000. The clinic is approx. 1200 sq ft, while the residential sq ft adds approx 1925, for a total of 3,125 sq ft. The property sits on 20,167 sq ft (.46 acres).

Over the last 5 years, the clinic has averaged $216,000 plus in collections, working 3 1/2 days per week, for the primary Dr, while the independent contractor collects approximately 3000-4000 every 2 weeks.

I am asking 129,600 for the practice and that includes the equipment. The building can be rented for $1500/month or purchased for $210,000.

Contact Jeff at 251-463-1704