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    700 Westgate Plz Andalusia, AL 36420

    For Lease
    Contact for pricing

    Prime Andalusia retail/office opportunity. High-traffic location.

    Lot size:
    92,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Westgate Plaza Shopping Center, located at 700 Westgate Plaza, Andalusia, AL 36420, presents a unique investment opportunity in a high-traffic area along Highway 29 South, the "beach route." This single-story, 92,000 square foot building sits on 12 acres of land and offers a variety of spaces, ranging from 1,200 to 40,000 contiguous square feet. Currently, 50,000 square feet is available for lease. The property boasts 16 total suites, with ample parking (300+ spaces). Built in 1960 and extensively renovated in 2024, the center features an 18-foot ceiling height and is zoned for retail use. The property benefits from its location in the Andalusia submarket of Covington County, Alabama, and enjoys the presence of established businesses such as Wendy's and Arby's, both renovated in 2021. Two anchor spaces, each exceeding 20,000 square feet, are available, along with the potential for up to 40,000 contiguous square feet. This is an exceptional opportunity to lease space in a revitalized center with strong existing tenants and significant potential for future growth. The property is classified as Class C.

    Property Features for 700 Westgate Plz

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    92,000 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1960/2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 7a
    Size
    1,200 SF
    Space
    Available Space 3
    Size
    4,860 SF
    Space
    Available Space 4
    Size
    20,000 SF
    Space
    Available Space 8
    Size
    24,000 SF
    Space
    Available Space 7b
    Size
    6,000 SF
    Space
    Available Space 5
    Size
    4,850 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    West Gate Plaza ... Business Center

    Suggested Use

    Wholesale Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.499413299635
    Latitude
    31.308740306241

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    Nearby Similar for Lease

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      New Andalusia Retail Investment Property

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    FAQs

    What type of property is this?
    Office space - Prime Andalusia retail/office opportunity. High-traffic location.
    Where is this office space located?
    The property is located at 700 Westgate Plz Andalusia, AL.
    Request Owner's contact information
    700 Westgate Plz Andalusia, AL 36420
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    700 Westgate Plz
    Andalusia, AL 36420
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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
    700 Westgate Plz Andalusia, AL 36420
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