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    1130 Martin Luther King Junior Expy Andalusia, AL 36421

    For Sale
    $3,200,000

    Fully occupied retail center anchored by Piggly Wiggly and Dollar Tree.

    Property size:
    47,083 SF

    Property Features for 1130 Martin Luther King Junior Expy

    General Information

    Size
    47,083 SF

    Source: Samuel Dunham Agent Samuel Dunham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Center with Anchor Tenants

    This retail center is 100% occupied and anchored by Piggly Wiggly and Dollar Tree. The property has a size of 47,083 square feet and is being offered for sale. The property is located at 1130 Martin Luther King Junior Expressway, Andalusia, AL 36421. The property operates at a 7.46% cap rate.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Three Notch Shopping Center, Sanford Station

    Location Insight

    • Map
    • Local Demand
    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.6212
    Latitude
    31.2069

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    FAQs

    What type of property is this?
    Shopping center - Fully occupied retail center anchored by Piggly Wiggly and Dollar Tree.
    Where is this shopping center located?
    The property is located at 1130 Martin Luther King Junior Expy Andalusia, AL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - 100% Occupied; - Piggly Wiggly & Dollar Tree Tenants; - Attractive 7.46% Cap Rate
    (405) 207-7286
    Request Owner's contact information
    1130 Martin Luther King Junior Expy Andalusia, AL 36421
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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
    1130 Martin Luther King Junior Expy Andalusia, AL 36421
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