Description

Cobb Plaza Shopping Center is a 60,235-square-foot, multi-tenant retail property located at 24716 US-31 in Jemison, Alabama. The center is anchored by Piggly Wiggly and O’Reilly Auto Parts, with additional neighborhood-serving businesses that broaden the daily-use tenant mix. The property is approximately 91% leased and offers an investor established income from recognizable retail tenants.

Developed in 1972, Cobb Plaza occupies approximately 5.77 acres with commercial zoning and surface parking for customers and employees. The center includes multiple retail suites and provides a range of configurations for grocery, automotive, restaurant, service, and other commercial uses. Two parcels comprise the property, identified as 0606234001007001 and 0606234001007000.

The center fronts US-31, a major route through Jemison with reported traffic of approximately 10,242 vehicles per day. Interstate 65 is about 3.8 miles away, while Clanton is roughly a 15-minute drive and Hoover is approximately 30 minutes away. This location supports convenient access for shoppers, employees, and delivery traffic from both Jemison and the surrounding communities.

Cobb Plaza is offered at $2,800,000, or approximately $46.48 per square foot. Current marketed financials report net operating income of $222,311 and a 7.94% capitalization rate at the asking price. With its grocery and automotive anchors, highway visibility, established tenancy, and remaining lease-up potential, the property offers a value-add retail investment opportunity in a growing central Alabama trade area.