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5200 Boll Weevil Circle - Camellia Commons, Enterprise, AL

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5200 Boll Weevil Circle - Camellia Commons

Enterprise, AL 36330


Property Type:Land Parcel Size:38 Acres
Zoning:-
For Sale Price:$3,000,000 Price/Acre:$78,947 Price/SF:$1.81

Topography:Level
Proposed Use:Retail, Mixed Use, Restaurant, Strip Center

On-Site Improv:Raw land


Marcus & Millichap is pleased to present, Camellia Commons, a single development opportunity in Enterprise, AL. The offering is for 38 acres ideal for retail development. Potential use being; retail shopping center, single tenant or smaller retail centers and mixed use. The master development consists of several components and include, multi-family, office, single family, multi-tenant and single tenant retail.

Portions have been developed or are near construction. There are full utilities off site with partial roads, gutters and storm water system in place for the adjacent portion of the property. Clark Cinemas 10 was recently built and operating, and they have plans to add an additional 2 theatres. A 152 unit multi-family is in final stage of permitting and expected to start construction within months. A medical service provider is reviewing a site for a south Enteprise location and there is interest by a single family developers for the rear section. The residential property to the rear not owned by the developer is currently under construction with single family homes.

The master develop seeks retail developer for the south east portion that is presented as a 225,000 square foot retail center, two 25,000 square foot retails strips and 9 out parcels. The Master Plan is merely a potential layout and is subject to change. The southeast portion requires additional infrastructure such as grading, roads and additional storm water system to augment the master retention plan. The development is dirt neutral, hence no addition fill is needed.

The city of Enterpise as well as neighboring communities are in need of a quality retail shopping center. As it stands approximately 100,000 consumers must drive anywhere from 45 minutes to 1 and 1/2 hours in order to meet their shopping needs.

Sale Notes:
Marcus & Millichap is pleased to present, Camellia Commons, a single development opportunity in Enterprise, AL. The offering is for 38 acres ideal for retail development. Potential use being; retail shopping center, single tenant or smaller retail centers and mixed use. The master development consists of several components and include, multi-family, office, single family, multi-tenant and single tenant retail.

Portions have been developed or are near construction. There are full utilities off site with partial roads, gutters and storm water system in place for the adjacent portion of the property. Clark Cinemas 10 was recently built and operating, and they have plans to add an additional 2 theatres. A 152 unit multi-family is in final stage of permitting and expected to start construction within months. A medical service provider is reviewing a site for a south Enteprise location and there is interest by a single family developers for the rear section. The residential property to the rear not owned by the developer is currently under construction with single family homes.

The master develop seeks retail developer for the south east portion that is presented as a 225,000 square foot retail center, two 25,000 square foot retails strips and 9 out parcels. The Master Plan is merely a potential layout and is subject to change. The southeast portion requires additional infrastructure such as grading, roads and additional storm water system to augment the master retention plan. The development is dirt neutral, hence no addition fill is needed.

The city of Enterpise as well as neighboring communities are in need of a quality retail shopping center. As it stands approximately 100,000 consumers must drive anywhere from 45 minutes to 1 and 1/2 hours in order to meet their shopping needs.

Marcus & Millichap
Chapman Brown
(205) 510-9123

  
Marcus & Millichap
Donald Gilchrist
(919) 674-1104




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