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    1529 Northwood Ave Florence, AL 35630

    Sponsored
    For Sale
    $4,300,000

    High-yield commercial property, 9.6 acres.

    Property size:
    103,694 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional income-producing property, located at 1529 Northwood Ave in Florence, Alabama, presents a unique investment opportunity. The 103,694 square foot shopping center, known as the historic Seven Points Shopping Center, enjoys a highly visible and accessible location in the heart of Florence, a central point for the area's traffic flow. The diverse tenant mix includes a variety of established businesses, creating a robust and stable revenue stream. Current tenants represent a range of services and retail offerings, including an Asian food market, nail salons, a children's fun center, a phone company, a laundromat, a Mexican restaurant, and a Dollar General. A remodeled grocery store also contributes to the property's strong occupancy rate. The property sits on a substantial 9.6-acre lot, offering significant potential for future expansion or redevelopment. All information provided is to be verified by the purchaser. This is an exceptional opportunity to acquire a well-established, income-generating commercial property in a thriving Alabama market. The property's central location and diverse tenant base make it an attractive investment for discerning buyers seeking a strong return on investment. Serious inquiries only.

    Property Features for 1529 Northwood Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    103,694 SF
    Lot Size
    418,176 SF

    Building Details

    Year Built
    1957
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.68094
    Latitude
    34.82975

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield commercial property, 9.6 acres.
    Where is this commercial real estate located?
    The property is located at 1529 Northwood Ave Florence, AL.
    What is the asking price?
    The asking price for this property is $4,300,000.
    (256) 627-2737
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    1529 Northwood Ave Florence, AL 35630
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    Florence, AL 35630
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1529 Northwood Ave Florence, AL 35630
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