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    205 South Marengo St Florence, AL 35630

    For Lease
    Contact for pricing

    Mixed-use development with retail, restaurant, multifamily, and single-family homes.

    Property size:
    25,764 SF
    Lot size:
    25,764 SF

    Property Features for 205 South Marengo St

    General Information

    Size
    25,764 SF

    Source: Shannon Tyndall Agent Shannon Tyndall

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

    Overview

    Mixed-Use Development in Florence, AL

    The West Village Mixed Use Development, currently under construction, will offer 25,764 square feet of retail and restaurant space, along with 117 multifamily units and 64 single-family homes. Located in Florence, AL, this development aims to provide new commercial spaces and residences. The walkable design will incorporate an entertainment area suitable for gatherings, concerts, and community events. The initial phase, encompassing commercial buildings 3, 4, and 5, is scheduled to open in Q1 of 2027.
    Location Intelligence

    Current Use by Public Records

    Fiakpornoo Sylvanus K ... Doctor Dr. Paul A. Southall, ... Emergency Care Physician Shawn T. Walls, ... Anesthesiologist Haq Ahmad T ... Doctor Scarborough John W ... Doctor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.684269
    Latitude
    34.79378

    Nearby Similar for Lease

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    • $2,000 /Mo
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      Downtown Florence Office Space Available

      Office space for lease in downtown Florence, Alabama.
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      Former Restaurant Building For Lease

      1.823 AC parcel with 5,809 SF former restaurant building.
      2615 Florence Blvd, Florence, AL 35630
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      Florence Blvd Retail Space

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      Updated Office Spaces For Lease

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      Florence Plaza Retail Spaces

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    FAQs

    What type of property is this?
    Shopping center - Mixed-use development with retail, restaurant, multifamily, and single-family homes.
    Where is this shopping center located?
    The property is located at 205 South Marengo St Florence, AL.
    What are key features of this property?
    This property features: - Mixed-use development featuring retail, restaurant space, multifamily units, and single-family homes.; - Located in the growing City of Florence, AL.; - Walkable design promoting community interaction.
    (205) 563-4583
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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
    205 South Marengo St Florence, AL 35630
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