Description of this article
John Stanley, CCIM has represented Waffle House, Inc. in the purchase of a 38,247 S.F. lot located on Vaughn Road in Pike Road, Alabama. The sales price was $235,750.00 ($6.16/S.F.).
John Stanley, CCIM has represented McLemore Plantation, LTD in the sale of ± 340.82 acres located on Vaughn Road in Pike Road, Alabama. The property was purchased by Lowder New Homes, Inc. for the development of a single family residential neighborhood. The sales price was $1,448,900.00 for ±134.23 developable acres ($10,794/developable acre).
John Stanley, CCIM has represented McClurkin Family, LLC in the sale of ± 85.64 acres located on Vaughn Road in Pike Road, Alabama. The Buyer was Lowder New Homes, Inc. for the development of a single family residential neighborhood. The sales price was $1,027,680.00 ($12,000.00/AC).
Lee Meriwether, CCIM and John Stanley, CCIM recently completed the sale of a ± 1.63 Acre commercial lot located at the corner of Chantilly Parkway and Chantilly Parkway Place in Pike Road, Alabama. The Sales price was $639,666.00 or $9.00/S.F. The property is zoned B-2. The Seller was Pelham, et al and the Buyer was Marion Community Bank. The Site will be developed as Marion Community Bank�s first location in Pike Road, Alabama.