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Strip Mall with Large Parking Lot
For Sale
$2,950,000
Pending

Hwy 231 N, Midland City, AL 36350

COMMERCIAL - Midland City, AL

Property SizeContact for details
Lot Size4.00 Acres
Days on Market412

Property Features for Hwy 231 N

General Information

Property type Commercial Sale
Property subtype Other
Subdivision 10 Dale
Standard status Pending
APN 261506243000001.002
Lot size 4.00 Acres

Building Details

Year built 1985
Floors in Building 1
Listing Agency: Weichert Realtors JBR Legacy Group
Listed By: Dwayne Bowman · License #72750
Added: Jun 25, 2025 Changed: Aug 4 Last Checked: Aug 10 at 7:06AM
MLS# 204165

Copyright © 2026 Southeast Alabama 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 strip mall investment is offered as a fully occupied commercial center with 11 tenants. Tenant mix includes a grocery store, pharmacy, doctor’s office, restaurant, and multiple professional offices. Built in 1985, the property is supported by a very large parking lot designed to serve both customers and staff.

The center is located on Hwy 231 N in Midland City, AL, on a prominent corner in Dale County. The configuration supports convenient access for day-to-day retail and service users, with the large parking field accommodating customer flow.

Please note that the Shell Station and 2 outparcels are not included in the sale and will be sold separately.

Key Highlights

  • Fully occupied strip mall with 11 tenants including grocery, pharmacy, doctors office, restaurant, and professional offices
  • 4‑acre site with a very large parking lot for customers and staff
  • Built in 1985

Property Analytics

Current Use

Strip malls

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

Demographics for 36350, AL

7,475
Population
3,382
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
78%
High-School Grad
77.3 sq mi
ZIP Area
97
Density / Sq Mi
$55,179
Median Household Income
$36,083
Median Earnings
$780
Median Rent
$169,300
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Single strip mall on 4-acre corner lot with large parking and 11 fully occupied tenants.
Where is this strip mall located?
The property is located at Hwy 231 N Midland City, AL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Fully occupied strip mall with 11 tenants including grocery, pharmacy, doctors office, restaurant, and professional offices; 4‑acre site with a very large parking lot for customers and staff; Built in 1985
More about this property
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