Amazing Shopping Center in Millbrook, AL

Shopping Center for Sale
Catylist Listing ID: 30270697
Property Subtypes: Free-Standing Store, Strip Center
Building Size (RSF): 13,500 SF
Gross Building Area: 15,000 SF
Gross Land Area: 2 Acres
Sale Price: $1,150,000
Unit Price: $85.19 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2019

Overview / Comments

Reliable income stream!
The most desirable business address in Millbrook is Highway 14 and that’s exactly where this gem of a 15,000-square-foot strip mall is located. It’s the city’s commercial corridor with daily vehicle counts topping 30,000. The area continues growing and now there are more than 450 apartment units near the shopping center at 2530 Highway 14 and a new urgent care facility has opened nearby.
It’s an ideal investment to generate a steady income flow from a variety of businesses, including a beauty salon, restaurant, small market and cake store.
The two-acre center boasts several longtime tenants and all five of the business sites are occupied. One existing business, about 4,500 square feet including an additional 1,500 square foot covered outside area, could be converted into one to four retail units.
Millbrook is one of the fastest-growing cities in Alabama and this shopping center is less than one mile from the Walmart-anchored Hillcrest Shopping Center (Opportunity Zone).

Hodges Commercial Real Estate broker Paul Hodges is waiting to hear from you about this incredible property. You can contact him at the office: (334) 280-2033; cell (334) 315-1382 or email: paul.hodges@exithodgesrealestate.com

Additional Details

Nearest MSA: Montgomery
County: Elmore
Tax ID/APN: 15093200010050010
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,309 25,246 51,986
Median Age: 31.19 34.57 35.89
Households: 1,262 9,422 19,191
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