1601 Eastern Blvd Montgomery, AL 36117
Retail property with Starbucks and Bank of Hope as tenants.
Property size:
3,856 SFLot size:
0.52 AcresProperty Features for 1601 Eastern Blvd
General Information
- Standard status
- Active
- Zoning
- B-3
- Size
- 3,856 SF
- Lot size
- 0.52 Acres
Building Details
- Year built
- 2015
Source:
Crexi
Listing Agency: Prime Net Lease Listing Agent: Michael Matusik
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Retail Asset Anchored by Starbucks
This retail asset, anchored by Starbucks and Bank of Hope, is located at 1601 Eastern Boulevard in Montgomery, Alabama. Constructed in 2015, the 3,856-square-foot building is situated on a 0.52-acre lot. The property benefits from high visibility off Interstate 85, which sees over 112,000 vehicles per day, and frontage along Eastern Boulevard, with over 47,000 vehicles per day. Both tenants have operated at this location since the property's development. Starbucks recently executed a new 10-year lease renewal in 2025, and Bank of Hope exercised a 5-year renewal in 2023. The property is positioned in one of Montgomery’s retail corridors, directly across from Lowe’s, Home Depot, Harbor Freight, McDonald’s, CarMax, and Crunch Fitness, and surrounded by national retailers including Walmart, Ashley Furniture, Discount Tire, Chick-fil-A, Taco Bell, Burger King, and ALDI. Approximately 15 hotels are located within one mile. Nearby institutions include Auburn University at Montgomery, St. James School, the Alabama Shakespeare Festival, and the Montgomery Museum of Fine Arts. Montgomery’s economy is supported by major employers such as Hyundai Motor Manufacturing Alabama, which employs over 4,200 workers and produces up to 390,000 vehicles annually, and Maxwell Air Force Base and Gunter Annex, which support more than 14,500 personnel and contribute approximately $2.6 billion annually to the regional economy. Montgomery serves as a regional commercial hub with over 20,000 businesses employing more than 200,000 people within a 20-mile radius.
Location Intelligence
Current Use by Public Records
Starbucks
Cafe & Coffee Shop
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2168753
- Latitude
- 32.3554007
Nearby Similar for Sale
FAQs
What type of property is this?
Bank - Retail property with Starbucks and Bank of Hope as tenants.
Where is this bank located?
The property is located at 1601 Eastern Blvd Montgomery, AL.
What is the asking price?
The asking price for this property is $2,289,233.
What are key features of this property?
This property features: - Anchored by Starbucks and Bank of Hope, both established tenants with recent lease renewals.; - Located in a dominant retail corridor with high traffic volume (Interstate 85: 112,000+ VPD; Eastern Boulevard: 47,000+ VPD) and exceptional visibility.; - Strong tenant profile with Starbucks, a globally recognized brand, and Bank of Hope (NASDAQ: HOPE), a major regional bank.
