Three-Unit Strip
For Sale
$1,299,900
713 Woodward Ave, Muscle Shoals, AL 35661
Fully leased retail property with established business occupants and on-site customer parking.
Property Size12,460 SF
Price / SF$104.33
Days on Market50
Property Features for 713 Woodward Ave
General Information
Standard status
Active
Size
12,460 SF
Property subtype
Commercial/Industrial
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$9,506
Building Details
Year Built
1964
Tenancy
Multi
Listing Agency:
EXIT Realty Shoals
Listed By:
Kellie G Bowling · License #105919
(256) 740-1985
Source:
Exitrealty
Added: Sep 2
Changed: Sep 8
Last Checked: Sep 15 at 4:46AM
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 EXIT Realty Shoals
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Investment Insights
Based on property information with market context.
This strip mall contains 12,460 square feet across three separate retail units. Built in 1964, the property is fully leased to established businesses, including a family-owned operation with more than 60 years of history. The configuration provides multiple occupied suites within one commercial asset.
Located at 713 Woodward Ave in Muscle Shoals, the property benefits from road frontage extending across the block and convenient access for tenants and customers. On-site parking supports the existing retail uses and daily customer activity.
The property combines a three-unit layout, full occupancy, established tenancy, and a prominent roadside position in a single retail center.
Located at 713 Woodward Ave in Muscle Shoals, the property benefits from road frontage extending across the block and convenient access for tenants and customers. On-site parking supports the existing retail uses and daily customer activity.
The property combines a three-unit layout, full occupancy, established tenancy, and a prominent roadside position in a single retail center.
Key Highlights
- 12,460‑square‑foot strip mall with three separate retail units
- 100% leased to three established businesses
- One tenant is a family‑owned business with more than 60 years of operating history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,750
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,555,000
$1.6M
Cap Rate 7%
$1,110,714
$1.1M
Cap Rate 9%
$863,889
$863.9K
Market Conditions
NOI Build-Up for 12,460 SF
Gross rent
$124.1K $9.96/SF
− Vacancy
−$13.0K −$1.05/SF
EGI
$111.1K $8.91/SF
− OpEx
−$33.3K −$2.67/SF
NOI
$77.7K $6.24/SF
Area
Colbert County, AL
Vacancy
10.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,555,000
Cap Rate 7%
$1,110,714
Cap Rate 9%
$863,889
Alternative Uses
Best Use
Retail
$1.11M
$971.9K – $1.30M
NOI $77,750 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,281 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 40%
Home Improvements & Furnishings 1%
Dollar Tree
Shops & Services
16,454 visits/mo
0.5 miles
Wendy's
Dining
15,431 visits/mo
0.4 miles
Shell
Shops & Services
10,526 visits/mo
0.3 miles
Dollar General
Shops & Services
8,107 visits/mo
0.2 miles
Little Caesars Pizza
Dining
5,039 visits/mo
0.5 miles
Demographics for 35661, AL
18,714
Population
8,911
Households
2.1
Avg Household Size
42
Median Age
24%
College-Educated
91%
High-School Grad
51.2 sq mi
ZIP Area
366
Density / Sq Mi
$66,726
Median Household Income
$43,826
Median Earnings
$917
Median Rent
$189,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased retail property with established business occupants and on-site customer parking.
Where is this strip mall located?
The property is located at 713 Woodward Ave Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 12,460‑square‑foot strip mall with three separate retail units; 100% leased to three established businesses; One tenant is a family‑owned business with more than 60 years of operating history
