Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    323 Bibb St Montgomery, AL 36104

    Sponsored
    For Sale
    $2,000,000

    Historic Hotel, Huge Potential, Central Business District

    Property size:
    40,859 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 40,859 square foot hotel property, located at 323 Bibb St. in Montgomery, Alabama, presents a unique investment opportunity. Boasting a prime location in the heart of the city's central business district, this single-tenancy property sits on a 0.16-acre lot and offers significant corner frontage on both Bibb and Molton Streets. Built in 1964, the building's history is complemented by its proximity to a new, multi-million dollar hotel development (Staybridge Hotels), indicating a thriving hospitality sector. The property's former use as a car dealership is reflected in its spacious layout, including a second-floor ramp ideally suited for showcasing vehicles, offering versatile redevelopment potential. Its strategic location is further enhanced by its proximity to major transportation arteries – just 0.86 miles from the I-85 and I-65 interchange – and its convenient distance to Maxwell Air Force Base (1.42 miles), serving a substantial population of active duty personnel, reservists, contractors, and retirees, as well as the Air Force University's 20,000 annual attendees. The property is zoned T5 and is offered at an asking price of $2,000,000. This presents a rare chance to acquire a substantial property in a rapidly developing area with high growth potential.

    Property Features for 323 Bibb St

    General Information

    Property type
    Multifamily properties
    Square Feet
    40,859 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1964

    HighLights

    • Prime location in Montgomery, AL's Central Business District.
    • Adjacent to a new $12.5M Staybridge Hotel development.
    • Corner lot with frontage on Bibb and Molton Streets.
    • Former car dealership; features spacious layout and a second‑floor vehicle ramp, offering redevelopment potential.
    • 1.42 miles from Maxwell Air Force Base, serving a large population of military personnel and university attendees.
    • 0.86 miles from I‑85/I‑65 interchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alabama Machinery & Supply ... Construction Equipment Supplier AMS Enterprises Accountant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3122405
    Latitude
    32.3775083

    Nearby Similar for Sale

    • $549,900
      6,508 SF

      Montgomery Office Building For Sale

      Well-maintained office building with income potential in Montgomery's business district.
      4249 Lomac St, Montgomery, AL 36106
      View Details
    • $489,000
      7,359 SF

      Unique Mixed-Use Property, Montgomery, AL

      Versatile property suitable for residential and commercial use.
      414 Perry Hill Rd, Montgomery, AL 36109
      View Details
    • $250,000

      Cloverdale Duplex: Investor Opportunity

      Well-maintained duplex in Cloverdale, ideal for rental income.
      2058 Woodley Rd, Montgomery, AL 36111
      View Details
    • $550,000

      Eastern Blvd Commercial Opportunity

      Prime commercial property on Eastern Blvd, Montgomery, AL.
      1301 Eastern Blvd, Montgomery, AL 36117
      View Details
    • $425,000
      3,130 SF

      Versatile Commercial Building with Courtyard

      Unique commercial building suitable for various uses, including office and hospitality.
      1921 Walnut St, Montgomery, AL 36106
      View Details
    • $198,700
      1.38 Acres

      Commercial Building in Montgomery, AL

      Commercial building with high visibility and easy interstate access.
      33 East South St, Montgomery, AL 36104
      View Details
    • $249,900

      Cloverdale Duplex with Income Potential

      Two-unit property in Cloverdale/Idlewild with potential for additional income.
      3355 Lexington Rd, Montgomery, AL 36106
      View Details
    • $680,000
      4,897 SF

      Multi-Tenant Building in Montgomery, AL

      Multi-tenant building with recent renovations and ample parking.
      7010 Fulton Ct, Montgomery, AL 36117
      View Details
    • $269,900

      Charming Duplex in Cloverdale Historic

      1940's duplex in Cloverdale with new appliances.
      1131 Magnolia Curv, Montgomery, AL 36106
      View Details
    • $210,000

      Cloverdale Duplex Investment Opportunity

      Upgraded duplex in Cloverdale with strong rental potential.
      139 Mount Vernon Dr, Montgomery, AL 36105
      View Details
    • New
      $100,000

      Montgomery Triplex with Investment Potential

      Three-unit property with separate meters and off-street parking.
      1255 S Hull St, Montgomery, AL 36104
      View Details
    • $95,000

      Capitol Heights Triplex Investment

      Three-unit multifamily property in Montgomery's Capitol Heights neighborhood.
      2107 Winona Ave, Montgomery, AL 36107
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Historic Hotel, Huge Potential, Central Business District
    Where is this multifamily property located?
    The property is located at 323 Bibb St Montgomery, AL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Prime location in Montgomery, AL's Central Business District.; Adjacent to a new $12.5M Staybridge Hotel development.; Corner lot with frontage on Bibb and Molton Streets.
    Request Owner's contact information
    323 Bibb St Montgomery, AL 36104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    323 Bibb St
    Montgomery, AL 36104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    323 Bibb St Montgomery, AL 36104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.