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    1375 Federal Dr Montgomery, AL 36107

    Sponsored
    For Lease
    Contact for pricing

    Prime Montgomery retail space, high traffic area.

    Lot size:
    41,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Montgomery Plaza, located at 1375-1401 Federal Drive in Montgomery, Alabama, presents a compelling investment opportunity. This single-tenant retail strip center encompasses 41,225 square feet across three one-story buildings situated on a 4.08-acre lot. Currently, 22,000 square feet of space is available for lease. The property benefits from a highly desirable location in North Central Montgomery, just 2.2 miles from Interstate 85, ensuring excellent accessibility. The surrounding area boasts strong demographics, with a population of 107,521 within a 5-mile radius and an average household income of $64,687. The property's B2 zoning allows for a variety of commercial uses. Its strategic placement near established businesses, including Walmart and various food outlets, and the ongoing construction of a Circle K next door, further enhances its appeal and potential for growth. The owner is actively seeking tenants and is willing to make significant upgrades to the property to attract suitable businesses. Utilities are readily available. This property offers a unique chance to establish a thriving commercial presence in a vibrant and accessible location. The substantial available space presents a blank canvas for a variety of retail concepts.

    Property Features for 1375 Federal Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,225 SF

    Building Details

    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    22,000 SF

    HighLights

    • 41,225 SF retail strip center on a 4.08‑acre lot.
    • 22,000 SF of vacant space available.
    • Located in North Central Montgomery, AL, 2.2 miles from I‑85.
    • Strong demographics: 107,521 population within 5 miles, $64,687 average household income.
    • B2 zoning.
    • Owner willing to make major tenant improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Circle K Gas Station Ranch Thrift Store Thrift Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2737003
    Latitude
    32.3972401

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Montgomery retail space, high traffic area.
    Where is this neighborhood center located?
    The property is located at 1375 Federal Dr Montgomery, AL.
    What are key features of this property?
    This property features: 41,225 SF retail strip center on a 4.08-acre lot.; 22,000 SF of vacant space available.; Located in North Central Montgomery, AL, 2.2 miles from I-85.
    Request Owner's contact information
    1375 Federal Dr Montgomery, AL 36107
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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
    1375 Federal Dr Montgomery, AL 36107
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