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    324 Montgomery Ave Sheffield, AL 35660

    For Sale
    $595,000

    Prime Commercial Space, High Traffic Area

    Property size:
    2,109 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, located at 324 Montgomery Ave in Sheffield, Alabama, presents a unique investment opportunity. Boasting 2,109 square feet situated on a 1.4-acre lot, this property enjoys a highly visible location at the entrance to Foodland Plaza, a key commercial hub in the city. Its strategic position places it conveniently between Helen Keller Hospital and the downtown area, ensuring high foot traffic and excellent visibility. Previously occupied by a McDonald's restaurant, the building is ideally suited for a variety of food service businesses, offering significant potential for immediate occupancy and operation. The existing infrastructure is well-suited for restaurant use, minimizing upfront renovation costs and allowing for a swift transition to a new tenant. The ample 1.4-acre lot provides ample parking and potential for future expansion. This property represents a rare chance to acquire a well-located, ready-to-use commercial space in a thriving community, offering significant return on investment for discerning buyers. The asking price is $595,000. Serious inquiries are encouraged. All information is deemed reliable but not guaranteed.

    Property Features for 324 Montgomery Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,109 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1994
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yummy wings Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sheffield
    County
    Colbert
    State
    Alabama
    Longitude
    -87.69919
    Latitude
    34.75387

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Space, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 324 Montgomery Ave Sheffield, AL.
    What is the asking price?
    The asking price for this property is $595,000.
    (256) 383-4400
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    Sheffield, AL 35660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    324 Montgomery Ave Sheffield, AL 35660
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