Established Multi-Tenant Neighborhood Retail Center

Shopping Center for Sale
Catylist Listing ID: 30770198
Property Subtypes: Fashion/Specialty, Free-Standing Store, Neighborhood Center, Net Leased, Strip Center, Other
Building Size (RSF): 15,800 SF
Gross Land Area: 1.37 Acres
Sale Price: $950,000
Unit Price: $60.13 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Chamber Plaza Shopping Center
Usable Size (USF): 15,800 SF
Sale Terms: Cash to Seller, Other
Average Occupancy Rate: 67
Last Updated: 1/23/2022

Overview / Comments

Bay Minette, AL - CHAMBER PLAZA SHOPPING CENTER - Immediate income! This turn-key-ready shopping center has been well maintained with desirable amenities, monument sign, paved parking lot, and durable exterior all on a spacious 1.37+/- acre lot with heavy traffic and excellent visibility! Located across Hwy 59 from CVS with Sonic, Tractor Supply, McDonalds' Waffle House, Popeye's, O'Reilly's, Hardee's, Walmart. Chambers Dr is located just off of the major intersection of Highway 59 and Highway 31.

Built in 2006 this 15,800 sf. building was constructed with 7 units; (6) 1,300 sf. units, two of which have been combined into one large space, and (1) central 8,000 sf. unit. Currently, 4 of the spaces are tenant-occupied with an excellent track record of long-term leases. Tenants include 1st Franklin Financial, Solar Nails, Always Money, and Domino's; but zoning allows for a wide variety of businesses, restaurants, boutiques, local entrepreneurs, and myriad other uses to set up shop at this location.

With an average of over 21,000 vehicles passing this location every day and excellent location, tenants couldn't find a better location in town. Location is very appealing to local, regional, and national retailers alike.

There is ample parking with appx 55 spaces and an entrance to the back of the building for easy truck delivery access. Owners have kept up the curb appeal of this complex as well as the sidewalk that runs the full length of the building.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County, AL
Tax ID/APN: 05-23-04-17-1-000-017.001
Zoning: B-2, GENERAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Other
Property Located Between: Sonic & North to Baldwin Chamber of Commerce
Property Visibility: Excellent
Largest Nearby Street: Hwy 59/Bay Minette Bypass
Feet of Frontage: 690
Traffic/Vehicle Count: 21,860
Highway Access: Hwy 59 - 528 ft; Hwy 31 - 0.4 mi; I65 - 6 mi; I10 - 17 mi
Airports: Bay Minette Muni - 2 mi; Mobile Regional - 44 mi; Pensacola International - 58 mi
Site Description: Well Maintained. Located in the heart of the Bay Minette retail corridor and surrounded by long-standing supported business. Tastefully landscaped. The back property line is fenced. Lot Dimensions: 170x350.
Area Description: Baldwin County-Bay Minette is home to numerous industries and seeks new employers through multiple partnerships - including promotion of the South Alabama Mega Site, a 3,000-acre Advantage Site north of the city. Conveniently located along the shores of the Gulf of Mexico and Mobile Bay, being 35 miles northeast of Mobile, Alabama, 45 miles west of Pensacola, Florida, and 75 miles east of Biloxi, Mississippi. There are apx 8,500 residents living in the city limits of Bay Minette and an additional 20,000 beyond the city limits who call North Baldwin home. There are a wide variety of recreational activities, from parks to waterways such as the Tensaw River Delta and the Gulf of Mexico. It remains a popular destination for visitors, from all over the nation and the world, year-round because of first-class golf courses, beautiful beaches, unlimited recreational opportunities, health economy, and first-class public school system which, collectively, has contributed to the county’s explosive population growth. The City of Bay Minette is the county seat of Baldwin and home to the Baldwin County Courthouse. Because of our favorable location, we enjoy the economic, social and cultural benefits of the surrounding urban areas while maintaining the charm and relaxed pace of a small southern community. Bay Minette has enjoyed steady, managed growth for many years as the seat of Baldwin County (the second fastest growing county in the state). The city actively seeks new employers through partnerships with the Baldwin County Economic Development Alliance and the North Baldwin Chamber of Commerce.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,300 SF
Property Condition: Excellent
Year Built: 2006
Roof Type: Flat
Construction/Siding: Other
Exterior Description: Siding is brick and stucco on the front, painted cinder block on the sides, and metal panel on the rear. Only Sprinkler System is an exterior system for the landscaping. A wide sidewalk runs the full length of the building, making an attractive entrance for each business. Plenty of large glass windows to easily advertise. (8) AC units and 1 on the roof above Domino's. 7 back doors, one for each retail suite. The roof is flat metal. Well maintained and attractively landscaped. There is 1 roll-up door on the back of the building.
Parking Type: Surface
Parking Description: Paved parking lot. (4) 20' entrances. 3 Entrances go into the parking lot. 4th entrance goes to the back of the buildings for easy truck access. One drive-through at Dominos.
Total Parking Spaces: 55
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Fiber Optic
Interior Description: Just wide open spaces. You can install interior walls to fit your needs. Two vacant offices spaces now are just wide open can can be divided in and broken into smaller areas to lease.
Zoning Description: B-2, General Business District. This district is intended to provide opportunity for activities causing noise and heavy traffic, not considered compatible in the more restrictive business district. These uses also serve a regional as well as a local market and require location in proximity to major transportation routes. Recreational vehicle parks, very light production and processing activities are included. See documents for a full list of permitted uses.
Lot Frontage: 350
Lot Depth: 170
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: Parcel: 05-23-04-17-1-000-017.001 PPIN: 011910 170' X 350' THE EAST 170' OF LOT 2 BLK 196 HAND LAND CO ADD IN THE CITY OF BAY MINETTE SEC 17-T2S-R3E (WD)

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,113 8,140 11,148
Median Age: 32.56 36.94 36.56
Households: 987 2,984 3,924

Contact

Photograph of Listing Agent

Patty Helton-Davis

PHD Realty, LLC. Gulf Coast CMLS Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.