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    2020 East South Blvd Montgomery, AL 36116

    For Sale
    $3,300,000

    Fully occupied 57,700 SF retail building in Montgomery, Alabama.

    Property size:
    57,700 SF

    Property Features for 2020 East South Blvd

    General Information

    Size
    57,700 SF

    Building Details

    Year built
    1982

    Source: John Mottram CCIM Agent John Mottram CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Montgomery Retail Investment Opportunity

    This 57,700 SF building in Montgomery, AL, presents a prime investment opportunity. Renovated in 2014 with a new roof and new RTUs for the grocery tenant, and further updated in 2021 with new RTUs for Fresenius, the property is currently 100% occupied. Constructed in 1982, the building is a two-tenant property located at the SE corner of E. South Blvd and Narrow Lane Road. The location benefits from a strong presence of the medical industry, with the 492-bed Baptist Medical Center South located across from the property. The surrounding area includes healthcare providers, a senior living facility, and corporate offices. The property benefits from a high daily traffic count and a substantial residential population within a 3-mile radius, serving over 23,000 daytime residents. The center boasts a strong grocery tenant with minimal competition, while Fresenius benefits from the proximity to the Baptist Hospital campus, making it an attractive investment opportunity for retail and strip center investors.
    Location Intelligence

    Current Use by Public Records

    A Cost Plus Food ... Grocery Store ATM Car Repair And Maintenance Service Fresh Value Montgomery Grocery Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.28168
    Latitude
    32.326206

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    FAQs

    What type of property is this?
    Strip mall - Fully occupied 57,700 SF retail building in Montgomery, Alabama.
    Where is this strip mall located?
    The property is located at 2020 East South Blvd Montgomery, AL.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: - 100% occupancy ensures immediate returns on investment.; - Strategic location near Baptist Medical Center South and other healthcare providers.; - Strong grocery tenant with minimal competition in the area.
    (334) 201-5002
    Request Owner's contact information
    2020 East South Blvd Montgomery, AL 36116
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    Montgomery, AL 36116
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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
    2020 East South Blvd Montgomery, AL 36116
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