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Commercial Property with Development Potential
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1580 W Main St, Centre, AL 35960

Commercial property with significant development opportunities on a large parcel.

Property Size2,643 SF
Price / SF$198.64
Days on Market246

Property Features for 1580 W Main St

General Information

Standard status Active
Size 2,643 SF
Class B
Total Parking Spaces 25
Property subtype Retail
Zoning RES/COM 11
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $72,252

Building Details

Year Built 1995
Year Renovated 2012
Buildings 1
Stories 1
Tenancy Single
Listing Agency: Heller Properties
Listed By: Larry Heller · License #California 00622479
Source: Crexi
Added: Feb 10 Changed: Oct 7 Last Checked: Oct 12 at 8:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heller Properties

Investment Insights

Based on property information with market context.

This fee simple investment property, located at the entry and exit of the city, features a building in very good condition that is popular with locals. The property includes a significant portion of empty land, presenting unlimited development opportunities on this large parcel, such as a truck stop. The location benefits from heavy truck and vehicle traffic and access all around. The building size is 2643 square feet. The sale is subject to a 1031 exchange.

Key Highlights

  • Fee Simple investment with renewal options.
  • High traffic location at city entry/exit.
  • Large parcel with unlimited development opportunity.

Property Analytics

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Current Use

Huddle House Restaurant

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service Locksmith Grocery & Convenience Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

46
Businesses Nearby

Demographics for 35960, AL

9,883
Population
5,607
Households
1.8
Avg Household Size
48
Median Age
16%
College-Educated
82%
High-School Grad
146.6 sq mi
ZIP Area
67
Density / Sq Mi
$47,868
Median Household Income
$38,364
Median Earnings
$741
Median Rent
$176,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail property - Commercial property with significant development opportunities on a large parcel.
Where is this retail property located?
The property is located at 1580 W Main St Centre, AL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fee Simple investment with renewal options.; High traffic location at city entry/exit.; Large parcel with unlimited development opportunity.
More about this property
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