Lemar Plaza

905 E Cummings Ave Opp, AL 36467

905 E Cummings Ave, Opp, AL, 36467
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FOR SALE
Property Type:
Strip Center
Amount:
$1,900,000
Last Verified:
Mar 04, 2025

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Highlights

  • A 73,900 square foot retail center, located in a prime opportunity site
  • Anchored by IGA, Dollar General, Maxway
  • Visited by over 160,000 customers annually and bringing in approximately $2.7 million in sales each year
  • Centrally located- easily accessible for residents from various surrounding communities.
  • Ample parking space
  • Multiple entrances and exits for easy access, allowing customers to enter and exit the premises smoothly
  • High visibility from surrounding area
  • Proximity to major transportation routes- Approximately 1 mile from Highway 331
  • ±16 miles to Andalusia, AL
  • ±26 miles to Enterprise, AL
  • ±26 to the Florida state line

Description

Introducing an exceptional opportunity in the heart of Opp, Alabama, this 73,900 square foot retail center offers prime visibility, ample parking, and seamless accessibility. Anchored by esteemed tenants such as IGA, Dollar General, and Maxway, the property draws over 160,000 customers annually, generating approximately $2.7 million in sales per year. With multiple entrances, high visibility, and convenient proximity to major transportation routes, this well-positioned asset presents an unparalleled investment prospect. Explore the potential of this established retail center, seizing the advantage of a central location for residents from various surrounding communities.

905 E Cummings Ave, Opp, AL 36467


Year Built: 1970
Building Size: 73900sq ft
Lot Size: 9.6 acres


Documents

Sale Brochure_Lemar Plaza
Offering Memorandum_Lemar Plaza

Map of 905 E Cummings Ave, Opp, AL, 36467

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
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