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23000 Town Center Ave - Development Land + Spanish Fort Town Center 155 Acres of Commercial Land in Spanish Fort, AL 36527
Investment Highlights
- Institutional-Quality Asset with scale, visibility, and long-term relevance in a supply-constrained coastal Alabama market
- Regional Retail Destination with Strategic Interstation Location at the IH-10/US-98 interchange, with more than 85,000 cars passing the site daily
- Expansion & Densification Potential - enhance in-place NOI through phase development, tenant re-mixing, or strategic pad sales.
- 2nd Fastest Growing Market in Alabama benefiting from rapid residential growth throughout Eastern Mobile Bay and Baldwin County
- Value-Add Upside through development, with remaining buildable land parcels suitable for retail, restaurant, hospitality, etc.
- Long-Term Growth Opportunity from continued corridor development, increased interstate traffic counts, and future commercial densification
Executive Summary
SRS Capital Markets is pleased to exclusively offer Spanish Fort Town Center, a premier investment opportunity in Spanish Fort, Alabama. Spanish Fort Town Center is a dominant mixed-use retail and lifestyle destination strategically positioned at the high profile intersection of IH-10 and US-90/98. This 230-acre, master-planned development benefits from one of the most trafficked corridors in Baldwin County, delivering unrivaled visibility from IH-10, direct access via signalized intersections, and a continuous stream of regional consumers from the Mobile-Pensacola MSA.
Shadow anchored by a strong lineup of national and regional destination tenants, the center draws significant customer traffic and serves as a retail magnet for the area’s expanding trade base:
• Bass Pro Shops (not a part) - regional flagship destination retail driving visits from beyond the immediate market.
• Cavender’s Western Outfitter, La-Z-Boy, DR Horton Homes (not a part) and a curated mix of specialty, lifestyle and service tenants.
• Complementary nearby retailers include Ulta, Petco, Hobby Lobby, TJ Maxx, The Fresh Market, and Home Depot within the broader trade corridor.
With significant remaining land parcels still available within the 230-acre campus, Spanish Fort Town Center presents a compelling value-add and expansion opportunity for investors and developers. These parcels are ideally suited for:
• Restaurant, retail, office and hospitality pad development with build-to-suit capability.
• Additional mixed-use or entertainment concepts that capitalize on the existing daytime and weekend draw.
• Strategic densification of residential or workforce housing tied to the center’s retail, lifestyle, and service ecosystem.
The combination of a strong shadow anchor roster, robust regional traffic, premier highway visibility, and available developable acreage positions Spanish Fort Town Center as a top investment in one of Alabama’s fastest-growing trade areas -- offering both current cash flow and long-term growth upside.
Shadow anchored by a strong lineup of national and regional destination tenants, the center draws significant customer traffic and serves as a retail magnet for the area’s expanding trade base:
• Bass Pro Shops (not a part) - regional flagship destination retail driving visits from beyond the immediate market.
• Cavender’s Western Outfitter, La-Z-Boy, DR Horton Homes (not a part) and a curated mix of specialty, lifestyle and service tenants.
• Complementary nearby retailers include Ulta, Petco, Hobby Lobby, TJ Maxx, The Fresh Market, and Home Depot within the broader trade corridor.
With significant remaining land parcels still available within the 230-acre campus, Spanish Fort Town Center presents a compelling value-add and expansion opportunity for investors and developers. These parcels are ideally suited for:
• Restaurant, retail, office and hospitality pad development with build-to-suit capability.
• Additional mixed-use or entertainment concepts that capitalize on the existing daytime and weekend draw.
• Strategic densification of residential or workforce housing tied to the center’s retail, lifestyle, and service ecosystem.
The combination of a strong shadow anchor roster, robust regional traffic, premier highway visibility, and available developable acreage positions Spanish Fort Town Center as a top investment in one of Alabama’s fastest-growing trade areas -- offering both current cash flow and long-term growth upside.
Property Facts
1 Lot Available
Lot
| Lot Size | 155.00 AC |
| Lot Size | 155.00 AC |
155 Total Acres at Spanish Fort Town Center, a 230-acre master planned retail development shadow anchored by Bass Pro Shops, DR Horton Custom Homes, and others. Offering includes existing Shopping Center located on 12 acres of land.
Description
Land Details: 155 Acres - total land area 71 Acres - net buildable 12 Acres - existing shopping center 19 - Total Parcels 9+ - Pad Sites under 3 Acres 3+ - Parcels greater than 3 acres Shopping Center portion was built 2008-2010. 67,768 Square Feet. 49% Occupancy. Existing Tenants NOI $275,847. Ample parking, with approximately 644 dedicated spaces surrounding the shopping center buildings.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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23000 Town Center Ave - Development Land + Spanish Fort Town Center
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