304 Cumming AveOpp, AL 36467

Property Details for 304 Cumming Ave

Year built

1970

Lot size

9.60 AC

Property size (Sq ft)

73,900 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Lemar Plaza, a 73,900 square foot retail center in Opp, Alabama, presents a compelling investment opportunity. This multi-tenant property boasts 100% occupancy, generating a strong net operating income (NOI) of $172,120 and an 8.61% capitalization rate. The asking price is $2,000,000, translating to $27.06 per square foot. Built in 1970, the center sits on a 9.6-acre lot at 304 E Cumming Ave, Opp, AL 36467. Five tenants currently occupy the space, including a mix of grocery, retail, and storefront businesses. The property enjoys high visibility and traffic, attracting over 160,000 customers annually, generating approximately $2.7 million in annual sales. Its strategic location offers easy access for residents from surrounding communities, facilitated by multiple entrances and exits, and ample parking. Convenient proximity to major transportation routes, including Highway 331 (approximately 1 mile away), further enhances its appeal. The center is also conveniently located within driving distance of Andalusia, AL (approximately 16 miles), Enterprise, AL (approximately 26 miles), and the Florida state line (approximately 26 miles). This well-established retail center offers a stable income stream and significant growth potential.

Location Insight

City

Opp

County

Covington

State

Alabama

Latitude

31.2803

Longitude

-86.2524

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].