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2244 Highway 78
Sumiton, AL 35148
Sumiton Commons · Retail Property For Sale
PROPERTY FACTS
- Retail
- Flex Mixed Retail
About 2244 Highway 78 , Sumiton, AL 35148
Sumiton Commons is a ±56,800 SF neighborhood shopping center at 2244 Highway 78 in Sumiton, AL. With a strong current income-stream in-place, Sumiton Commons presents investors with an excellent opportunity to acquire a highly visible stabilized retail asset in the Birmingham MSA. Constructed in 1974, Sumiton Commons features a diverse tenant mix with several of the tenants occupying their respective space for over a decade. Anchored by Dollar General, H&R Block, and CC’s Discounts, the property is a staple within the surrounding community. Other tenants in the center include a salon, Chinese Restaurant, Grandma’s Thrift, and a Flower Shop operating on a ground lease. This property affords investors stable income with an excellent future upside opportunity through future lease-renewal strategies and/or repositioning. Situated on a large parcel totaling ±6.1 acres, Sumiton Commons is zoned for commercial use and features excellent visibility and access via a dedicated turn lane along US Hwy 78. Located on the NW corner of Hwy 78 and Hull Road, Sumiton Common’s has convenient access from the busy byway via a dedicated turn lane. The property’s location in Walker County is only ±23 miles northwest of Birmingham features a population of workers who commute back-and-forth from the Birmingham Business District. While the City of Sumiton may be small, it’s central commercial enclave is dense and features a number of nationally recognized retailers including Walmart Supercenter, Piggly Wiggly, Taco Bell, Jack’s, AT&T and Walgreens. Hardee’s and BBVA Compass Bank both have pad site locations next to Sumiton Commons. The Property is located in on a main commercial thoroughfare and in 2018 has approximately ±11,741 individuals residing within a five-mile radius of the property with an average household income of ±$57,750. In 2018, the total specified consumer spending within a 5-mile radius of the Property accounts for ±$109,720,000 and there are ±381 businesses and ±2,965 employees. Additionally, Hwy 78 is the main road to Birmingham-Sumiton and offers high area traffic counts of ±16,000 VPD. Positioned on an expansive parcel within the Birminham MSA, the property’s visibility, income and current occupancy presents an excellent stable opportunity to investors with future value-add potential. ***Photos may be altered and may not be representative of the true present condition of the Property.
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PROPERTY TAXES
Parcel Number | 24-02-09-1-102-002-0000 | Improvements Assessment | $122,480 |
Land Assessment | $62,980 | Total Assessment | $185,460 |
PROPERTY TAXES
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Listing ID: 13611996
Date on Market: 8/27/2018
Last Updated:
Address: 2244 Highway 78, Sumiton, AL 35148