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    3763 Norman Bridge Rd Montgomery, AL 36111

    For Sale
    $299,000

    High-traffic retail building, 42,168 sq ft.

    Property size:
    42,168 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 42,168-square-foot freestanding building presents a compelling investment opportunity in Montgomery, Alabama. Constructed in 1956, the property sits on a 3.59-acre lot and is zoned B-3 for Highway Commercial use, offering significant potential for retail development or expansion. The asking price is $299,000, translating to $7.09 per square foot. Its prime location within the bustling Montgomery area ensures high visibility and accessibility. The building's substantial size and flexible zoning make it suitable for a variety of retail uses. This property is ideally situated to capitalize on the area's growth and strong commercial activity. The property's historical context combined with its future potential makes it a standout investment prospect. This is a rare chance to acquire a significant retail space in a thriving market. The property is located in a Qualified Opportunity Zone, offering additional investment incentives. Don't miss this chance to secure a prominent presence in this dynamic commercial area.

    Property Features for 3763 Norman Bridge Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    42,168 SF
    Lot Size
    156,380 SF

    Building Details

    Year Built
    1956

    HighLights

    • Qualified Opportunity Zone designation.
    • 42,168‑square‑foot freestanding building.
    • B‑3 Highway Commercial zoning.
    • Retail development or expansion potential.
    • Excellent Montgomery location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2993172
    Latitude
    32.3320685

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic retail building, 42,168 sq ft.
    Where is this mixed-use property located?
    The property is located at 3763 Norman Bridge Rd Montgomery, AL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Qualified Opportunity Zone designation.; 42,168-square-foot freestanding building.; B-3 Highway Commercial zoning.
    Request Owner's contact information
    3763 Norman Bridge Rd Montgomery, AL 36111
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    Montgomery, AL 36111
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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
    3763 Norman Bridge Rd Montgomery, AL 36111
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