40-Unit Apartment
For Sale
$449,900
Pending
700 Village Square Drive, Andalusia, AL 36420
Commercial for Sale, Andalusia, AL
Property SizeContact for details
Lot Size5.00 Acres
Days on Market227
Property Features for 700 Village Square Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Directions
Take Hwy 55 North from Florala, Alabama Turn right off the Western Bypass onto South Three Notch, turn right on Village Square, apartments are on left located behind Andalusia Hospital
Subdivision
30 - Other Counties
Standard status
Pending
APN
23 13 04 19 3 001 038.001
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
DB/PG>721-476 6/18/80 COM SE COR SE4 OFNW4 SEC 19 T4N R17E N660FT W 1030FT TOPOB CONT W 329FT S 44FTS 44' TH W 243' TH S356' TH E 572' TH N TO POB. VILLAGE SQUARE
Legal Description
DB/PG>721-476 6/18/80 COM SE COR SE4 OFNW4 SEC 19 T4N R17E N660FT W 1030FT TOPOB CONT W 329FT S 44FTS 44' TH W 243' TH S356' TH E 572' TH N TO POB. VILLAGE SQUARE
Listing Agency:
Merrifield & Pilcher Realty
(850) 892-9650
Listed By:
Christa V Merrifield · License #689338
(850) 428-3298
Added: Jan 27
Changed: Sep 11
Last Checked: Sep 11 at 7:06PM
MLS# 993829
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 40-unit apartment property comprises one-bedroom, one-bath residences with living rooms, kitchens, and large closet areas. The site also includes an office, paved parking, and an onsite manager. The apartments are arranged across 9 standalone complexes, providing a distinct multi-building configuration on 5 acres.
The property is located at 700 Village Square Drive in Andalusia, Alabama, behind the hospital and near shopping, schools, and parks. Commercial zoning is identified as Comm, and the combination of residential units, office space, and on-site management supports an established multifamily operating format.
The property is located at 700 Village Square Drive in Andalusia, Alabama, behind the hospital and near shopping, schools, and parks. Commercial zoning is identified as Comm, and the combination of residential units, office space, and on-site management supports an established multifamily operating format.
Key Highlights
- 40 apartment units, each configured with 1 bedroom and 1 bathroom
- 5‑acre multifamily property at 700 Village Square Drive
- 9 standalone complexes plus an office
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
40
Residential units
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 36420, AL
10,796
Population
5,147
Households
2.1
Avg Household Size
43
Median Age
25%
College-Educated
85%
High-School Grad
267.9 sq mi
ZIP Area
40
Density / Sq Mi
$50,126
Median Household Income
$36,374
Median Earnings
$659
Median Rent
$163,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with one-bedroom residences, an onsite manager, office space, and paved parking on a five-acre tract.
Where is this apartment building located?
The property is located at 700 Village Square Drive Andalusia, AL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 40 apartment units, each configured with 1 bedroom and 1 bathroom; 5‑acre multifamily property at 700 Village Square Drive; 9 standalone complexes plus an office
