Downtown Enterprise: Redevelopment Opportunity

218 S Main St, Enterprise, AL 36330

  • For Sale $425,000
  • Property Type Retail - Street Retail
  • Property Size 4,328 SF
  • Lot Size 0.23 Acre
  • Additional Rent Contact for pricing
  • Year Built 1935
  • Date Updated Dec 9, 2024
218 S. Main Street, Enterprise, AL 36330This 4,328 sq. ft. building is located on Main Street in Enterprise, AL. The existing structure is a mix of retail/office space and warehouse in the rear. The property is prepped for a mixed-use redevelopment, with plans for retail on the ground floor and luxury lofts on the 2nd floor. The sale includes a pre-development package with development assets and significant groundwork already completed. The included plans propose an 8,930 sq. ft. mixed-use building, featuring 3,750 sq. ft. of retail space on the ground floor and 5,180 sq. ft. of luxury loft apartments above. Alternatively, buyers have the flexibility to revise plans or utilize the existing structure for an alternate project. This proposed development is a great opportunity for buyers looking to step into a project with significant pre-development progress already achieved, reducing the timeline and effort to bring the vision to life. The city’s support and infrastructure investments further enhance the value of this site.Introducing a visionary mixed-use development poised to transform the bustling thoroughfare of Main Street in Downtown Enterprise. The Lofts on Main is set to break ground end of 2024 and will seamlessly integrate ground floor retail space with luxury residential lofts on the 2nd floor. The ground floor will be constructed as an open canvas of 4,000 Sq. Ft. designed to accommodate a diverse array of businesses and size requirements. Built-to-suit tenant needs are at the forefront, with customizable size and space specifications ranging from 1,000 to 4,000 sq. ft. bays available. In the thriving landscape of Downtown Enterprise, retailers and restaurateurs are poised for success. Since 2000, Enterprise has seen a remarkable 25.4% population increase, solidifying its reputation as one of the fastest-growing communities in the state. Enterprise is closely associated with nearby Fort Novosel, situated 7 miles away, and is the home of Army Aviation. Ft. Novosel has a post population of approximately 20,000, contributing to the city's high military presence and cultural richness. Recognized as the "Alabama Boom Town of the Year" in 2010, Enterprise's economic strength and vibrant atmosphere make it an ideal destination for retailers and residents alike. Secure your space today in the heart of Enterprise's thriving downtown district!
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Highlights

  • Included in the Sale:
  • Real estate (0.23-acre lot with 4,328 sq. ft. existing building)
  • Architectural plans and development drawings
  • City-approved permits and agreements, including:
  • Tax incentives
  • Easement drafts for 2-way street and underground infrastructure (water, sewer, power lines funded by the city)
  • Surveys, environmental assessments, and civil engineering work
  • Proposed redevelopment footprint offers 7 off-street parking spaces
  • A fully operational website for marketing the future development: https://www.218loftsonmain.com/ (optional)
  • Business entity: 218 South Main Street, LLC (optional)

Contacts

broker

NAI TALCOR

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable
  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Enterprise, AL
  • Zip Code 36330

Points of Interest

  • Triangle Express

    8.04 miles

  • Cafe Roma

    0.13 miles

  • Cutt's

    0.49 miles

  • Jin Jin's

    1.35 miles

  • DQ Grill & Chill

    1.46 miles

  • Bojangles'

    1.47 miles

  • McDonald's

    1.47 miles

  • Huddle House

    1.58 miles

  • Waffle House

    7.53 miles

  • Grocery Outlet

    0.48 miles

  • Piggly Wiggly

    0.86 miles

  • Publix

    1.28 miles

  • ALDI

    1.50 miles

  • Enterprise Shopping Center

    1.50 miles

  • Walmart Supercenter

    1.58 miles

Frequently Asked Questions

How much does Downtown Enterprise: Redevelopment Opportunity cost?

The space currently listed for sale at Downtown Enterprise: Redevelopment Opportunity asks for $425,000.

What is the total square footage of Downtown Enterprise: Redevelopment Opportunity?

Downtown Enterprise: Redevelopment Opportunity totals 4,328 square feet.

When was this property built?

Downtown Enterprise: Redevelopment Opportunity was built in 1935.

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Contact Listing Broker
broker

NAI TALCOR