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    1200 Eastern Blvd Montgomery, AL 36117

    For Sale
    $799,000

    Prime Retail Location, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.89-acre commercial land parcel, formerly a Cracker Barrel, is ideally situated at 1200 Eastern Blvd in Montgomery, Alabama. Recently reduced to $799,000, this property presents a compelling investment opportunity. Boasting excellent visibility on both Eastern Boulevard (Highway 231) and I-85, it benefits from exceptionally high daily traffic counts: 56,520 vehicles on Eastern Boulevard and 103,960 on I-85. Its convenient location, just 0.5 miles from the I-85 exit, ensures easy accessibility. The B-3 Highway Commercial District zoning allows for a variety of commercial uses. On-site parking is available, enhancing customer convenience. This prime outparcel location within a thriving retail corridor offers significant potential for a wide range of businesses. The property's size and location make it an attractive prospect for developers and investors seeking a high-traffic, high-visibility site in a rapidly growing area of Montgomery. The reduced asking price reflects a motivated seller and presents a unique opportunity to acquire a valuable asset in a strategic location. The property's proximity to major transportation arteries and its established commercial surroundings contribute to its strong investment potential. This is a rare opportunity to acquire a well-positioned commercial property in a high-demand area.

    Property Features for 1200 Eastern Blvd

    General Information

    Property type
    Land
    Lot Size
    82,328 SF

    HighLights

    • Price Reduced $150,000!
    • Motivated Seller!
    • High‑visibility outparcel on I‑85 and Eastern Blvd.
    • Prime retail corridor location.
    • On‑site parking available.
    • 0.2 miles to Eastern Blvd (Highway 231).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    My Place Event Venue

    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
    -86.2153951
    Latitude
    32.3612407

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    FAQs

    What type of property is this?
    Land - Prime Retail Location, High Traffic Area
    Where is this land located?
    The property is located at 1200 Eastern Blvd Montgomery, AL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Price Reduced $150,000!; Motivated Seller!; High-visibility outparcel on I-85 and Eastern Blvd.
    Request Owner's contact information
    1200 Eastern Blvd Montgomery, AL 36117
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    Montgomery, AL 36117
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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
    1200 Eastern Blvd Montgomery, AL 36117
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