Property profile

2908 Mcgehee Rd Montgomery, AL 36111

FOR SALE
Medical Office Space
Property ID
US03-0070325
3,546 SF 0.29 ac lot Built 1964
Individually Owned 11-yr Hold Free & Clear
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For Sale
Contact for pricing 3,546 SF
2908 Mcgehee Rd, Montgomery, AL 36111
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Property summary

AI-generated overview

This exceptional commercial property, located at 2908 McGehee Road in Montgomery, Alabama, presents a remarkable opportunity for owner-users in the healthcare sector. Situated on a high-traffic stretch of McGehee Road and near the intersection of Fisk Road/Carter Hill Road, this building benefits from over 35,000 daily vehicles passing by, ensuring excellent visibility and accessibility. The 250,000 dollar asking price makes this a compelling investment. The building itself offers a spacious and well-designed layout, perfect for urgent care, dental, or primary care practices. Features include five exam rooms, a media room, five restrooms, and three offices, all complemented by a large lobby area. Ample storage space is available throughout the building, catering to the needs of a busy medical practice. The surrounding demographics are highly favorable, with over 71,000 residents within a three-mile radius boasting an average household income of $65,000. Montgomery, the second-largest city in Alabama, with a population of approximately 200,000, provides a strong and growing market for healthcare services. This property is priced to sell and represents a rare chance to acquire a well-located, functional building in a thriving community. Don't miss this opportunity to establish or expand your healthcare business in a prime Montgomery location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1964
Total area 3,546 SF
Lot 0.29 ac (12,500 SF)
Zoning code B-4
APN 10-08-28-4-003-002.000
UPID US03-0070325

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Adult Day Care
  • Home Health Care Service
  • Home Health Care Service
  • Medical Clinic

Location

2908 Mcgehee Rd Montgomery, AL 36111
Montgomery metro Census 2000 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2015
3 recorded transactions
2015
$240,000
2014
$55,000
2009
$3,670

Zoning & alternative use

B-4 · Montgomery, AL
Zoning description

or of a tenant space in a multi-tenant building, to any residential or PUD residential district line. Facilities operating prior to the adoption of this ordinance shall be considered legal non-conforming. Local Shopping…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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