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    1130-1138 Mlk Jr Expy Andalusia, AL

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    For Sale
    $3,200,000

    Grocery store property for sale in Andalusia, Alabama.

    Property size:
    47,083 SF
    Lot size:
    4.19 Acres

    Property Features for 1130-1138 Mlk Jr Expy

    General Information

    Size
    47,083 SF
    Lot size
    4.19 Acres

    Source: NAI RED Commercial Real Estate Agent Samuel Dunham

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

    Overview

    Andalusia Retail Opportunity

    This retail property is located in Andalusia, Alabama. The property is currently occupied by a Piggly Wiggly supermarket, one of only three grocery stores in Andalusia. Piggly Wiggly is the second largest supermarket operator in Alabama, with over 100 locations. This particular location is ranked 212 out of all stores in Alabama. The property has a size of 47,083 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.4832913
    Latitude
    31.3085039

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    FAQs

    What type of property is this?
    Grocery and convenience store - Grocery store property for sale in Andalusia, Alabama.
    Where is this grocery and convenience store located?
    The property is located at 1130-1138 Mlk Jr 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: - Second Largest Supermarket Operator in Alabama with over 100 locations; - One of the only three Grocery Stores in Andalusia; - Tenured Piggly Wiggly Location
    (405) 207-7286
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    1130-1138 Mlk Jr Expy Andalusia, AL
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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
    1130-1138 Mlk Jr Expy Andalusia, AL
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