1032 Boll Weevil CirEnterprise, AL 36330

Property Details for 1032 Boll Weevil Cir

Year built

1987

Lot size

9.35 AC

Property size (Sq ft)

26,125 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1602092002055000

APU

1602092002055000

Description

This exceptional investment opportunity presents remaining outparcels within the newly renovated Dauphin Plaza Shopping Center in Enterprise, Alabama. The center boasts 86,260 square feet and sits on a 10.58-acre lot, offering high visibility and accessibility. Built in 1987 and extensively renovated in 2019, the property benefits from a strong tenant mix including Grocery Advantage, Dollar General, Little Caesar's Pizza, and Edward Jones. This strategic location is less than a third of a mile from Highway 84, which sees an average daily traffic count of approximately 19,300 vehicles, and is also conveniently located less than a mile from Main Street and approximately 8.8 miles from Fort Rucker Army Base. The property's proximity to major retailers such as Walmart Supercenter, Publix, and Lowe's further enhances its appeal. While lots 1 and 2 are sold, a significant 1.74-acre outparcel remains, ideally suited for hotel development. The property is zoned for commercial use, presenting a rare opportunity for investors seeking a high-traffic, well-established retail location in a thriving Alabama community. This is a chance to capitalize on a prime location with excellent visibility and a strong tenant base. The property's recent renovations ensure modern amenities and a well-maintained environment, attracting both tenants and customers. The remaining outparcel presents a unique opportunity for development in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,878,985

  6.5%

  $3,580,602

  7%

  $3,324,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,680,210

  Geo Method

  $4,680,210

• Alternative Use

  Use

  Valuation

  Residential

  $3,020,372

  Hospitality

  $2,766,644

  Educational

  $2,301,816

  Medical

  $2,380,978

  Retail

  $3,580,602

Location Insight

City

Enterprise

County

Coffee

State

Alabama

Latitude

31.336

Longitude

-85.8512

CBSA code

21460

CBSA name

ENTERPRISE-OZARK, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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