Current Use by Public Records
- Lifestyle centers
Property Details for 24716 Us-31
- Year built
- 1972
- Lot size
- 5.77 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Cobb Plaza Shopping Center, located at 24716 US-31 in Jemison, Alabama (zip code 35085), presents a compelling investment opportunity. This 60,235 square foot multi-tenant retail shopping center boasts a strong 7.94% capitalization rate and a Net Operating Income (NOI) of $222,311, with an asking price of $2,800,000 ($46.48 per square foot). Built in 1972, the property sits on a 5.77-acre lot and features credit tenants including O'Reilly Auto Parts and Piggly Wiggly, ensuring stable income streams. Its prime location on a major thoroughfare in Jemison provides excellent visibility and accessibility, complemented by ample on-site parking for both employees and customers. The center benefits from high local traffic counts and convenient access to Interstate 65 (3.8 miles away). Commuting distances to nearby Clanton, Alabama (15 minutes) and Hoover, Alabama (30 minutes) further enhance its appeal. This well-established shopping center offers a solid investment opportunity with significant potential for future growth.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jemison
- County
- Chilton
- State
- Alabama
- Longitude
- -86.742
- Latitude
- 32.9593
