Income-Producing Neighborhood Retail Strip 1200-1248 Center Point Pky 3 417 m² 66 % Loué Local commercial Vente aux enchères en ligne Birmingham, AL 35215

Parkway Square offers investors the opportunity to acquire an established cash flowing neighborhood shopping center with meaningful upside within the rent roll. Positioned along Center Point Parkway, the approximately 36,778-square-foot property benefits from a diverse tenant base, minimal near-term capital requirements, and the flexibility to unlock additional value through lease-up, rent growth, and expense recovery initiatives over time.

At 66% occupancy, the rent roll provides dependable income today, while tenancy presents several opportunities to increase NOI through active asset management. There is limited WALT at the property, providing future ownership with flexibility to reposition space, improve tenant mix, recapture suites, or implement market-rate rent increases over time. 61% of the currently leased space has renewed at least once at this location.

Parkway Square's frontage along Center Point Parkway (State Route 75), with signage exposure to approximately 36,000 vehicles per day (VPD), positions tenants directly in front of consistent commuter and consumer traffic. Two outparcels, one a portion of a neighboring Chevrolet dealership and the other a standalone drive-thru restaurant, further strengthen the property's visibility and contribute to the area's established retail traffic patterns, despite not being included in the sale.

Situated within Center Point's primary retail corridor, the property is surrounded by grocery stores, restaurants, healthcare providers, service businesses, religious institutions, and national retailers. The center draws from an established residential base and serves not only Center Point residents but also surrounding communities, including Pinson, Clay, Huffman, Roebuck, and Trussville. More than 52,000 residents live within a 3-mile radius, generating approximately $500 million in annual consumer spending, providing a substantial foundation for existing tenants and future leasing efforts.

Located approximately 10 to 20 minutes from the majority of the Birmingham MSA, Parkway Square has access to one of Alabama's largest metropolitan economies while maintaining a more affordable suburban positioning. Convenient connectivity to Interstates 59, 20, and 459 enhances connectivity for customers and businesses throughout the Birmingham market.

Parkway Square offers investors an opportunity to acquire a cash-flowing retail asset with the flexibility to increase income, refine tenant mix, and capitalize on the continued evolution of the Center Point trade area.

Property tours are by appointment only. Please contact the listing broker to schedule.