Dual-Frontage Shopping
For Sale
Contact for pricing
2264 E South Blvd, Montgomery, AL 36116
Retail center with exposure along Highway 82 and Woodley Road, serving established residential density nearby.
Property Size59,409 SF
Price / SF$65.98
Days on Market141
Property Features for 2264 E South Blvd
General Information
Standard status
Active
Size
59,409 SF
Class
B
Property subtype
Retail
Occupancy
97%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$396,226
Property Condition
Severity
Repairs Needed
Evidence
limited deferred maintenance
Additional Details
Cap Rate
10%
Building Details
Year Built
1970
Year Renovated
2018
Buildings
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orlando
(407) 620-2416
Listed By:
Salim Valiani · License #FL 3105421
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 1:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
Capitol Plaza is a 59,409-square-foot neighborhood shopping center built in 1970 at 2264 E South Blvd in Montgomery, Alabama. The property fronts both Highway 82 and Woodley Road, providing access from two established corridors. Recent capital work includes new roofs installed in 2021 with a 20-year material-only limited warranty. HVAC systems are either new or were replaced within the past five years.
Highway 82 carries approximately 34,000 vehicles per day, while Woodley Road carries approximately 16,000. The surrounding population exceeds 7,000 residents within one mile and 60,000 within three miles. The property is reported at a 10% CAP Rate, with year-over-year rent growth of approximately 2%.
Highway 82 carries approximately 34,000 vehicles per day, while Woodley Road carries approximately 16,000. The surrounding population exceeds 7,000 residents within one mile and 60,000 within three miles. The property is reported at a 10% CAP Rate, with year-over-year rent growth of approximately 2%.
Key Highlights
- 59,409‑square‑foot shopping center built in 1970
- Frontage along Highway 82 and Woodley Road
- Highway 82 traffic is approximately 34,000 VPD; Woodley Road traffic is approximately 16,000 VPD
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Electronics 6%
Shops & Services 3%
Home Improvements & Furnishings 1%
Burger King
Dining
15,040 visits/mo
0.2 miles
Wendy's
Dining
13,478 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
9,840 visits/mo
0.3 miles
Dunkin' Donuts
Dining
4,260 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
2,783 visits/mo
0.4 miles
Demographics for 36116, AL
43,840
Population
20,007
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
91%
High-School Grad
53.4 sq mi
ZIP Area
821
Density / Sq Mi
$53,973
Median Household Income
$33,039
Median Earnings
$1,056
Median Rent
$137,000
Median Home Value
Market
Vacancy Rate% for Retail in Montgomery, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Mall At Capitol Plaza — 3040 Woodley Rd, Montgomery, AL 36116
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with exposure along Highway 82 and Woodley Road, serving established residential density nearby.
Where is this shopping center located?
The property is located at 2264 E South Blvd Montgomery, AL.
What is the asking price?
The asking price for this property is $3,920,000.
What are key features of this property?
This property features: 59,409‑square‑foot shopping center built in 1970; Frontage along Highway 82 and Woodley Road; Highway 82 traffic is approximately 34,000 VPD; Woodley Road traffic is approximately 16,000 VPD
