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Description of the Article


SOLD – ± 23.8 ACRES, McQUEEN SMITH ROAD, PRATTVILLE, AL. AUGUST 3, 2020

Lee Meriwether, CCIM and John Stanley, CCIM have transacted the sale of ± 23.8 acres located on McQueen Smith Road, Prattville, AL.  The Seller was HD&D Land, LLC.  The Buyer was Centerpoint Fellowship Church, Inc. The sales price was $1,127,000.00 ($47,353/AC.).


SOLD – 14.63 ACRE RETAIL TRACT, PIKE ROAD, AL., FEBRUARY 12, 2020

Mark Dauber has represented TVM Investment Properties, LLC in the sale of a 14.63 acre retail tract located at the NE Corner of Vaughn Road and Pike Road.  The Property will be developed with two (2) separate outparcels fronting Vaughn Road plus an 11.63 acre parcel to be developed as a 69,869 S.F. retail center with Publix Super Market as the anchor tenant.  The Buyer is Shops at Pike Road, LLC.  The sales price for the entire property was $2,850,000.00 ($4.47/S.F.).


SOLD – ± 92.25 AC., McQUEEN SMITH ROAD, PRATTVILLE, AL., AUGUST 16, 2019

John Stanley, CCIM has represented HD & D Land Company in the sale of  ± 92.25 acres  located on McQueen Smith Road in Prattville, Alabama.  The property will be developed as a single-family residential subdivision by the Buyer, SMB Land, LLC.  The sales price was $2,557,425.00 ($30,500/ac.) based on ± 83.85 usable acres. 


SOLD – 31.3 AC., VAUGHN ROAD, MONTGOMERY, AL., JULY 22, 2019

John Stanley, CCIM has represented the Estate of Milton McGregor in the sale of a 31.3 acre parcel located on Vaughn Road.  The property is zoned for residential use.  The sales price was $140,000.00. 


SOLD – MULTIFAMILY PARCEL, WETUMPKA, AL., JUNE 28, 2019

John Stanley, CCIM has represented William R. Welch, et al in the sale of a ± 7.81 acre parcel of land located on U.S. Hwy 231 in Wetumpka, AL.  The Buyer is Nathan Ridge, Ltd.  The property will be developed as a 56 unit senior housing apartment complex.  The sales price was $550,000.00 ($70,425/AC.).