30065 Highway 17 - Freestanding FOR SALE


Millry, AL 36558
$86,000 USD
305-206-1286
30065 Highway 17, Millry, AL for Sale
$86,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

30065 Highway 17
Millry, AL 36558


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | 1.14 AC | AUCTION DECEMBER 8-10
  • 10,578 SF Freestanding Value-Add Retail on 1.14 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Dollar General, USPS, City Hall, Citgo, High School, Local Retail & Grocery
  • Strategic Frontage and Visibility with Traffic Counts of 2,065 VPD on Jordan St
  • Attractive Demographics with Annual Household Income of ±$72,232 (10-mile radius)

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 30065 State Highway 17, Millry, Washington County, Alabama 36558 (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 at a compelling basis. FIRST BID MEETS RESERVE! Built in 2022, the Property consists of a ±10,578-square-foot, single-story free-standing retail building situated on ±61,475 square feet (±1.14 acres) with an asphalt surface parking lot with 40 spaces. The site is strategically positioned along State Highway 17 which sees approximately ±2,065 vehicles per day (VPD) and near the intersection with 1st Avenue with 1,367 VPD, ensuring visibility and accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $7–$9/SF NNN. With no zoning ordinance or zoning regulations in Washington County, the Property supports a wide variety of potential commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis. Millry, Alabama is a small town in Washington County, located in the southwestern part of Alabama along U.S.?Highway?17. Surrounding traffic generators include Dollar General, USPS, City Hall, Citgo, High School, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,937 residents and an average household income of ±$72,232 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.

FOR SALE DETAILS

PRICE

$86,000 USD

PRICE/SF

$8 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction-REIT Sale | Fmr Family Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

Commercial

APN/PARCEL ID

030930400000100000

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.