Investment Overview

This 62,616-square-foot shopping center in Haleyville, Alabama, represents an exceptional value-add opportunity. Priced at just $550,000—equivalent to only $8.78 per square foot—this property offers substantial upside compared to the submarket’s average sale price of $112 per square foot for multi-tenant retail buildings. Currently vacant, it provides a blank canvas for an investor to revitalize and reposition the space, taking advantage of the submarket’s average rental rate of $9 per square foot to generate strong income potential. Spanning a total of 8.01 acres, the property also offers significant future development potential. An investor could consider expansion options or additional development. Alabama’s economic expansion strengthens the appeal of this investment, as the state experiences steady population growth, a business-friendly climate, increasing job opportunities, and strategic infrastructure improvements. This momentum has driven robust demand for commercial real estate across various sectors, including retail, as new businesses and residents move to Alabama. Retail markets in many Alabama communities are experiencing rising demand for well-positioned, adaptable retail spaces. By securing leases with a mix of regional and local tenants, an investor can rapidly add value to this shopping center, positioning it to meet the needs of both established brands and local businesses seeking to capture a growing consumer base. With its advantageous pricing, expansive acreage, and value-add potential, this shopping center provides a highly competitive entry into Alabama’s dynamic retail market. It presents a unique opportunity for an investor to achieve strong income growth and long-term appreciation through proactive leasing, management, and potential future development.