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    2914 Mallard Ln Decatur, AL 35601

    For Lease
    $13 SF/Yr

    Decatur, AL Strip Center - 3 Spaces Available

    Lot size:
    36,737 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Mallard Village Shopping Center, located at 2914 Mallard Ln SE in Decatur, Alabama (zip code 35601), presents a prime retail opportunity. This 36,737 square foot strip center, built in 1997 and zoned B-2, offers multiple tenancy options. Three spaces are currently available, ranging from 1,000 to 2,500 square feet, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 3,000 square feet. The property sits on a 4.3-acre lot and enjoys a highly visible location directly across from a Publix grocery store and just one mile from I-65 at the Priceville/Decatur exit. Two convenient entrances at a traffic light ensure excellent accessibility. Ample parking is available for customers and tenants. Beyond the existing retail space, there's an additional 7 acres (the listing mentions 7 acres that may be developed under a ground lease, in addition to the existing shopping/retail/medical space). This presents a unique opportunity for expansion or additional development. This well-located center offers strong visibility and convenient access, making it an ideal location for a variety of retail businesses.

    Property Features for 2914 Mallard Ln

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,737 SF
    Total Rate
    39798.42

    Building Details

    Year Built
    1997

    Unit(s) available at that property

    Space
    Suite E
    Size
    1,500 SF
    Rate per SF
    $13
    Space
    Suite H
    Size
    1,500 SF
    Rate per SF
    $13
    Space
    Available Space o/p
    Size
    3,000 SF
    Rate per SF
    $15

    HighLights

    • High‑growth submarket.
    • Corner lot with excellent visibility.
    • Easy access to I‑65.
    • Abundant surface parking.
    • Situated on Point Mallard Parkway at Indian Hills Road.
    • Across from Point Mallard Centre, anchored by a new Publix.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Hair Salon Clothing Store Building Supply Gym & Fitness HVAC Service Nursing Home Assisted Living Facility Cosmetics Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.91822385
    Latitude
    34.54018473

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    FAQs

    What type of property is this?
    Neighborhood center - Decatur, AL Strip Center - 3 Spaces Available
    Where is this neighborhood center located?
    The property is located at 2914 Mallard Ln Decatur, AL.
    What is the lease rate?
    The lease rate is $13-$15 SF/Yr.
    What are key features of this property?
    This property features: High-growth submarket.; Corner lot with excellent visibility.; Easy access to I-65.
    Request Owner's contact information
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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
    2914 Mallard Ln Decatur, AL 35601
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