4115 Al-14 Millbrook, AL 36054
- Lifestyle centers
- 28,200 SF
- 3.60 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 4115 Al-14
- Year built
- 2003
- Lot size
- 3.60 lot acres
- Property size
- 28,200 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Colonial Plaza, a single-story, 28,200-square-foot shopping center in Millbrook, Alabama, presents a compelling value-add investment opportunity. Built in 2003 on a 3.6-acre lot at 4115 AL-14, this property boasts excellent visibility and exposure due to its prime location on a main thoroughfare. Currently housing eight tenants with an 86% occupancy rate, the center offers a gross lease structure and presents potential for increased revenue through below-market rents and short-term leases. The asking price is $1,625,000, translating to $57.62 per square foot. The property's individual ownership structure and multi-tenant configuration provide diversification and potential for long-term growth. Detailed financial information, including a rent roll, is available upon request. This is an exceptional opportunity to acquire a well-situated retail center with significant upside potential in a growing market. The property features one building with a total of eight units. Further information regarding the property's financial performance and tenant details can be provided.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Millbrook
- County
- Elmore
- State
- Alabama
- Longitude
- -86.3684
- Latitude
- 32.5198
