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    OFF-MARKET
    Neighborhood centers

    2914 Mallard Ln, Decatur, AL 35601

    36,737 SF Built 1997
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Neighborhood centers
    Year built 1997
    Total area 36,737 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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