Description of this article
Lee Meriwether, CCIM recently completed the sale of a commercial lot on Alabama Hwy. 14 in Millbrook, Alabama. The sales price was $500,000.00. The lot will be developed as a Popeye’s restaurant.
John Stanley, CCIM has represented Spencer Swan, et al in the sale of a ± 1.17 acre commercial lot located at the N.W. corner of Cobbs Ford Road and AL. Hwy. 143 in Millbrook, AL. The Buyer is WT2 Holdings, LLC. The sales price was $110,000.00 ($2.16/S.F.).
John Stanley, CCIM has represented Branch Banking and Trust Company in the sale of a former branch bank located at 3390 AL. Hwy. 14 in Millbrook, Alabama. The building consists of ± 5,679 S.F. and the lot is ± 1.55 AC. The property is zoned C-1 (Commercial). The sales price was $504,000.00.
John Stanley, CCIM has represented Max Credit Union in the sale of a .96 acre parcel located on Ala. Hwy. 14 in Millbrook, AL. The property will be developed as a Family Dollar retail facility. The sales price was $395,000.00 ($9.41/S.F.). The name of the Buyer is Family Dollar Stores of Alabama, Inc.
John Stanley, CCIM has represented H D & D Land Company, LLC in the sale of a ± 4.25 acre parcel located at the corner of U.S. Hwy 31 and Hwy 82. The property is zoned B-2 and will be developed for commercial/ retail use. The Buyer is THIYA, LLC. The sales price was $520,000.00 ($2.81/S.F.).
John Stanley, CCIM has represented Charles E. Herron, Jr. in the purchase of ± 79.8 acres located on Grandview Road, Millbrook, AL. The Seller was the City of Millbrook, AL. The property will be developed by Stone Martin Builders as a single-family residential subdivision. The sales price was $995,904.00 ($12,480.00/AC.).