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    1535 Montgomery Hwy Hoover, AL 35216

    Sponsored
    For Sale
    $2,480,000

    High-visibility motel, restaurants, development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1.71-acre commercial property at 1535 Montgomery Highway in Hoover, Alabama, presents a unique investment opportunity. Currently operating as a 34-room, two-story motel with high visibility at the corner of I-65 and Highway 31, this property boasts significant income potential. The motel features a mix of room configurations, including 10 double bed rooms, 22 king bed rooms, and 2 full-sized bed rooms

    Property Features for 1535 Montgomery Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    74,488 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8058
    Latitude
    33.41079

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility motel, restaurants, development potential.
    Where is this commercial real estate located?
    The property is located at 1535 Montgomery Hwy Hoover, AL.
    What is the asking price?
    The asking price for this property is $2,480,000.
    (205) 822-2272
    Request Owner's contact information
    1535 Montgomery Hwy Hoover, AL 35216
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    Hoover, AL 35216
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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
    1535 Montgomery Hwy Hoover, AL 35216
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