$1 Auction - REIT Sale | Former Family Dollar 365 River St E Local commercial 979 m² À vendre Coffeeville, AL 36524 107 465 € (109,73 €/m²)

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 365 River Street East, Coffeeville, Alabama 36524 (the “Property”). Formerly occupied by Family Dollar/Dollar Tree, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible commercial property with highway frontage at a substantial discount. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a one-story retail building totaling ±10,542 square feet situated on a ±1.439-acre parcel (±62,690 SF). The site features 41 surface parking spaces and excellent accessibility via one dedicated curb cut along River Street (±2,426 VPD) with dual frontage on Highway 84 (±2,194 VPD). This strategic positioning ensures strong visibility and access. The Property was previously a dual store format occupied on a NNN lease by Family Dollar/Dollar Tree and presents an attractive value-add opportunity for an owner/user or investor to reposition and lease at long-term market rates (CoStar estimated retail rents: $7–$9/SF NNN). With no zoning restrictions in the Town of Coffeeville, the Property allows for a wide variety of commercial uses, providing flexibility for re-tenanting, alternative tenant types, or potential redevelopment.
The Property is located in Coffeeville, Alabama, a small town in northwest Clarke County situated approximately ±50-Mi north of Mobile. Positioned directly along U.S. Highway 84, a major east–west transportation corridor, the site benefits from steady regional traffic and connectivity to Monroeville (±50-Mi east), Thomasville (±32-Mi southeast), and Waynesboro, Mississippi (±30-Mi west). This strategic highway access supports both local commerce and cross-regional mobility. The Property sits in a visible location caddy-corner to Dollar General and across from an Exxon station, both of which serve daily consumer and commuter demand. As a local commercial and service hub for Clarke County and surrounding rural communities, Coffeeville draws residents for essential retail, dining, and everyday services. Within a 10-Mi radius, the Property serves a population of nearly 2,000 residents with an average household income (AHHI) of ±$70,370, reinforcing its ability to support retail and service uses. Clarke County’s economy is anchored by forestry, agriculture, and light manufacturing, industries that have long sustained the regional employment base. The county also benefits from proximity to the Tombigbee River, which provides outdoor recreation and supports seasonal tourism that contributes to local commerce. With excellent highway frontage, visibility, and accessibility, the Property is strategically positioned to capture both local and regional demand, offering a compelling opportunity for retail, service, or alternative commercial uses.