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    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:
    394
    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

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    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
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    Montgomery, AL 36104
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    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
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