Property Details for 200 Woodward Ave

Year built

1975

Lot size

5.04 lot acres

Property size

18,900 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional value-add opportunity presents the Muscle Shoals Marketplace, a 18,900 square foot shopping center situated on a 5.04-acre lot in Muscle Shoals, Alabama. The property comprises two buildings, currently housing seven tenants with a 92% occupancy rate. Six of these tenants have occupied the center for over a decade, demonstrating strong tenant loyalty and stability. The property boasts a significant Net Operating Income (NOI) of $177,906, and is priced at $2,700,000 ($142.86/sq ft). Built in 1975, the center benefits from its prime location near other major retail centers, neighborhoods, and highways, ensuring high visibility and accessibility. The property offers significant upside potential. One acre is currently occupied by the shopping center, leaving four acres of undeveloped land behind it, ripe for expansion or redevelopment. This additional land even includes a cell tower not currently under contract, presenting an additional revenue stream. The Muscle Shoals area exhibits robust economic growth across various sectors, including manufacturing, healthcare, education, and tourism, creating a favorable environment for commercial investment. The business-friendly climate, low taxes, and supportive local government further enhance the property's investment appeal. This is a rare opportunity to acquire a well-established shopping center with substantial development potential in a thriving Alabama market. The property's APN numbers are: 0707352003012000, 0707352003018000, 0707352003020000, 0707352003013000, 0707352003015000, 0707352003016000. The address is 200 Woodward Ave, Muscle Shoals, AL 35661.

Location Insight

City

Muscle Shoals

County

Colbert

State

Alabama

Longitude

-87.6676

Latitude

34.7579