Property profile

3443 Mcgehee Rd Montgomery, AL 36111

OFF-MARKET
Retail space
Property ID
US03-0207944
54,319 SF 4.36 ac lot Built 1986
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4.5-acre vacant land parcel presents a unique investment opportunity on McGehee Road in Montgomery, Alabama. Strategically located near the intersection of East South Boulevard (Highway 80) and Troy Highway (Highway 231), this property boasts exceptional visibility with an average of 40,000 cars passing daily. The site is surrounded by established residential neighborhoods, ensuring a strong customer base for any future development. This area is poised for significant growth, fueled by the upcoming relocation of two Montgomery Public Schools, including the nationally ranked Loveless Academic Magnet Program High School (LAMP), directly across the street. This move is expected to significantly increase foot traffic and enhance the overall desirability of the area. The property's classification as vacant retail land makes it ideal for a variety of commercial uses, offering considerable potential for investors seeking a high-impact location with strong future prospects. The 36111 zip code provides easy access to major transportation arteries, further enhancing its appeal. This is a rare opportunity to acquire a prime retail parcel in a rapidly developing area of Montgomery. Don't miss out on this chance to capitalize on the growth potential of this highly visible and strategically located property.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 54,319 SF
Lot 4.36 ac (189,922 SF)
Zoning code B-3
APN 10-08-27-4-000-005.003
UPID US03-0207944

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

3443 Mcgehee Rd Montgomery, AL 36111-3372
Montgomery metro Census 2800 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.74M
Blend (final) Blend
$665k

Owner & transaction history

since 2016
6 recorded transactions
2016
$2.2M
2016
$700,000
2012
$200,000
2010
$1.0M
2010
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 · Montgomery, AL
Zoning description

s is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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