UNA PLAZA - 921-929 W College St Florence, AL 35630
First-Time Offering | ±16,750 SF Value-Add Retail Strip | $36K In-Place Income | 1 Mi to UNA
Marketing description
929 W College Street, Florence, Alabama is a one-story, multi-tenant retail strip center totaling ±16,750 SF on a single ±1.1-acre Lauderdale County parcel, offered for sale for the first time in its history. Four storefront addresses share the parcel: 921, 923, 925, and 929 W College Street. Three everyday-needs tenants generate $36,000 per year on month-to-month terms alongside a vacated 10,000 SF former grocery anchor with the grocery footprint intact.
The value-add is one decision. Fill or demise a single anchor box in a trade area where staple-goods demand runs 86 to 94% of households and five-mile food-at-home spending totals $238M annually. Occupied rents average $5.33/SF against a submarket near $14/SF, so the mark-to-market and the lease-up are both on the table. In-place income is month-to-month and should not be read as secured long-term contractual income; all figures are per seller and county records, subject to buyer verification.
West College Street ties the property into everything that moves in Florence: the University of North Alabama about a mile away, downtown Florence under a mile, and a K-3 school opening next door for 2026-27 that lands weekday family traffic at the center's front door. West Florence recently drew a $9M New Markets Tax Credit allocation for a nearby mixed-use project, area incomes are projected up 9 to 17% by 2031, and no new competing neighborhood retail is under construction.
The listing agent is Rikesh "Thunder" Patel, Lead Broker of Record, a second-generation commercial real estate investor whose family has bought and operated properties like this one for two generations. That buyer-side perspective shapes how The Kohler Team underwrites, documents, and presents every asset: fiduciary first, with a complete diligence file ready for qualified buyers. The Kohler Team @ KW Commercial handles commercial real estate sales, investments, and management across Alabama, The SE USA and beyond. Always a FIDICIARY FIRST. Learn more at thundersellscre.com and thekohlerteam.com, or contact Thunder Patel directly at +1 (256) 668-2841 or [email protected]. Broker of Record: KW Tuscaloosa a/k/a KW COMMERCIAL.
Each Keller Williams office is independently owned and operated. Kevin Kohler is National Director of The Kohler Team @ KW Commercial.
Investment highlights
- First time offered: 929 W College Street has never been listed or advertised. This is the property's market debut.
- ±16,750 SF multi-tenant retail strip center on ±1.1 acres. Four suites addressed 921, 923, 925, and 929 W College St, Florence, AL 35630.
- $36,000 per year of in-place income from three everyday-needs tenants: an established package store, a barber shop, and a community club, all month-to-month.
- One project, not a scattered lease-up: a single 10,000 SF former grocery anchor, footprint intact, that last paid $6,000 per month ($7.20/SF).
- Occupied rents average $5.33/SF in a submarket running near $14/SF. Every renewal and every new lease is a reset opportunity.
- 8,645 daytime population within one mile, 2.2x the residential count, and 38,478 within three miles.
- Five-mile food-at-home spending totals $238M per year. Grocery staples reach 86 to 94% of households in every ring.
- The adjacent church campus opens a K-3 school for the 2026-27 school year directly beside the center.
- About one mile to the University of North Alabama, under one mile to downtown Florence, in a metro of roughly 156,000.
- Contact listing agent Rikesh "Thunder" Patel for further info.
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