2540 Eastern Blvd Montgomery, AL 36117
Retail property with national tenants and upside potential.
Type:Retail
Property size:
221,888 SF- Added:
- Jan 23, 2024
- Days on Market:
- 816
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 2540 Eastern Blvd
General Information
- Standard status
- Active
- Size
- 221,888 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1990
Listing agent David Ashford License #AL 000071679
Listing office Retail Specialists
Listing date Jan 23, 2024
Source Crexi
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 Retail Specialists
Overview
Montgomery Promenade Retail Investment Opportunity
This commercial property, known as Montgomery Promenade, presents an investment opportunity with multiple new leases in place with national credit tenants. The property includes approximately 11,000 square feet of shop space available for lease, offering potential for increased revenue. The site also features an outparcel building that could be separated and sold individually. New tenants include Floor & Decor with a 15-year lease and Boot Barn with a 10-year lease. A neighboring parcel has been leased to Chipotle. The property has a size of 221,888 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shopping centers
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2231796
- Latitude
- 32.3472624
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Retail property with national tenants and upside potential.
Where is this shopping center located?
The property is located at 2540 Eastern Blvd Montgomery, AL.
What is the asking price?
The asking price for this property is $16,550,000.
What are key features of this property?
This property features: Multiple new leases in place with national credit tenants, Floor & Decor and Boot Barn.; Opportunity for upside with +/- 11,000 SF of shop space left to lease.; Includes one outparcel building that could be separated and sold individually.
