918-1026 S Alabama Ave | Monroeville, AL 36460
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918-1026 S Alabama Ave
Monroeville, AL 36460
Auction | Grocery Anchored Center | 77% Occu. · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STARTING BID $175,000 | DOUBLE DIGIT CAP RATE | 77% OCCUPIED | AUCTION FEBRUARY 21-23, 2023
- Long-Term Piggly Wiggly Grocer (36-Year Tenure) with Recently Signed Extension through 2026, Grocer Sales are $315/SF
- Prime Retail Corridor including O’Reilly Auto Parts, Tractor Supply, Rose’s, Marvin’s, Advance Auto Parts, Farmers Home Furniture, Fresenius Kidney Ca
- ±37,135 Square Foot, Grocery Anchored Retail Center Located in Monroeville, Alabama
- Rare Value-Add Opportunity Delivered at 77% Occupancy with Immediate Upside Through Lease Up of Remaining Vacancy
- ±8,839 VPD Traffic and Excellent Visibility along S Alabama Avenue | Positioned Near Industrial Demand Drivers and Established Residential
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
37,135 SF
Building Class
C
Year Built
1938
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
3.88 AC
Zoning
B-2 - Commercial
Parking
220 Spaces (5.92 Spaces per 1,000 SF Leased)
Frontage
202 FT on South Alabama Avenue
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 26010130020730010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $273,780 |
PROPERTY TAXES
Parcel Number
26010130020730010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$273,780
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