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501 Plaza Drive #101,103,105 2 Retail Properties Offered at $350,000 in Enterprise, AL
Investment Highlights
- Prime commercial positioning along the primary corridor leading directly into Enterprise’s downtown
- Flexible use potential appealing to office, service, or small retail operators thanks to functional suite layouts and recent cosmetic improvements
- Value-add opportunity with one vacant unit ready for repositioning, improving income profile, or catering to local business demand
- Multi-tenant investment with in-place income, including two occupied units with stable lease terms extending into late 2026 and early 2027
- Owner-controlled parking directly adjacent to the building, complemented by additional shared parking rights
- Recent upgrades including fresh paint, vinyl plank flooring, bathroom enhancements, and a replaced rear door
Executive Summary
Great commercial location perfect for office or small business. Located on the main street into Enterprise downtown. There are three units in total all adjacent to each other. Unit #101 was built in 1967 and is 960 square feet. It is leased through October 2026 @ $900 per month. Taxes are $393.00 per year. Unit #103 and #105 are both built in 1992 and are 2451 square feet total. The taxes are $873.03 per year total. Unit #103 is vacant and Unit #105 is leased through February 2027 @ $1100 per month. Immediate parking spaces is owned by units and recently paved. Larger parking lot is owned by community college but per deed college plaza owners have use. Some updates include paint, vinyl plank, bathroom fixtures, back door. Must have an appointment to view as tenants are conducting business.
Property Facts
| Price | $350,000 | Number of Properties | 2 |
| Price / SF | $102.61 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 3,411 SF |
| Status | Active | Total Land Area | 0.21 AC |
| Price | $350,000 |
| Price / SF | $102.61 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,411 SF |
| Total Land Area | 0.21 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Units #103 & #105
501 Plaza Dr, Enterprise, AL 36330 |
Retail | 2,451 SF | 1992 | - |
|
Unit 101
501 Plaza Dr, Enterprise, AL 36330 |
Retail | 960 SF | 1967 | - |
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501 Plaza Drive #101,103,105
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