Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2756/ Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 1896 Georgia Street in Alford, Florida 32420 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset in the Florida Panhandle submarket at a compelling basis. FIRST BID MEETS RESERVE! Built in 2022, the Property comprises a ±10,658-square-foot single-story retail building situated on ±4.437 acres (±193,279 SF) with 33 surface parking spaces. Constructed to modern design standards, the building offers an open retail floor plan and a flexible footprint well-suited for a wide range of commercial uses. The site provides one point of ingress/egress and boasts an expansive ±846 feet of frontage along Georgia Street, which sees approximately ±7,990 vehicles per day (VPD). Previously operated as a dual-store format, the Property was leased to Family Dollar–Dollar Tree on a triple-net (NNN) basis. This offering presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rates of approximately $11/SF NNN. Additionally, with no zoning ordinance or zoning regulations in zoning regulations in the Town of Alford, the Property can accommodate a wide range of commercial uses, enhancing flexibility and broadening appeal for both investors and owner-users. The Property is located in Alford, Florida, within Jackson County, and benefits from expansive frontage along Georgia Street, a primary local corridor with direct connectivity to U.S. Highway 231 and Interstate 10 (±3.5-Mi north). This strategic positioning places the Property within easy reach of key regional destinations, including the Florida–Alabama state line (±20-Min), Panama City Beach and Dothan, Alabama (±45-Min), and Tallahassee, Florida (±70-Min). The corridor supports both local traffic and regional pass-through demand, serving as an important commercial spine for retail, dining, and essential services across the Florida Panhandle. Nearby retailers and community amenities include Dollar General, Tom Thumb, Marathon Gas, local churches, schools, and a variety of small businesses that generate consistent daily traffic. The Property’s visibility along Georgia Street and proximity to I-10 position it to capture both neighborhood demand and regional travel flows through to Panama City, while its surrounding residential communities reinforce a steady customer base. With a population of approximately 48,000 residents in Jackson County and ±15,900 residents within a 10-mile radius with an average household income of nearly $71,000, the area sustains reliable demand for retail, service, and neighborhood-oriented uses. Alford’s location within the Florida Panhandle submarket, combined with its strong highway access and proximity to regional hubs, makes the Property a compelling opportunity for investors and owner-users seeking a high-visibility, cost-effective location.