501 Plaza Drive #101,103,105 Retail FOR SALE


Enterprise, AL
$350,000 USD
, Enterprise, AL for Sale
$350,000 USD
Retail - FOR SALE
1/2
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501 Plaza Drive #101,103,105
Enterprise, AL


HIGHLIGHTS

  • Prime commercial positioning along the primary corridor leading directly into Enterprise’s downtown
  • Multi-tenant investment with in-place income, including two occupied units with stable lease terms extending into late 2026 and early 2027
  • Flexible use potential appealing to office, service, or small retail operators thanks to functional suite layouts and recent cosmetic improvements
  • Owner-controlled parking directly adjacent to the building, complemented by additional shared parking rights
  • Value-add opportunity with one vacant unit ready for repositioning, improving income profile, or catering to local business demand
  • Recent upgrades including fresh paint, vinyl plank flooring, bathroom enhancements, and a replaced rear door

OVERVIEW

Great commercial location perfect for office or small business. Located on the main street into Enterprise downtown. There are three units in total all adjacent to each other. Unit #101 was built in 1967 and is 960 square feet. It is leased through October 2026 @ $900 per month. Taxes are $393.00 per year. Unit #103 and #105 are both built in 1992 and are 2451 square feet total. The taxes are $873.03 per year total. Unit #103 is vacant and Unit #105 is leased through February 2027 @ $1100 per month. Immediate parking spaces is owned by units and recently paved. Larger parking lot is owned by community college but per deed college plaza owners have use. Some updates include paint, vinyl plank, bathroom fixtures, back door. Must have an appointment to view as tenants are conducting business.

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