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    432 St Lukes Dr Montgomery, AL 36117

    Sponsored
    For Sale
    $10,500,000

    Five Class B medical offices, strong tenant.

    Property size:
    7,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a portfolio of five Class B medical office buildings totaling 7,856 square feet, situated on a 29,970 square foot lot in Montgomery, Alabama. The portfolio is 100% occupied by a single, high-quality tenant, Clearway Pain Solutions, a leading pain management practice with 43 locations across the Eastern United States. The lease commenced April 1, 2018, with a remaining term of approximately 7.4 years, expiring March 31, 2032. The buildings, constructed in 1997 and 2000, are located in a thriving office park adjacent to Baptist East Hospital, providing excellent visibility and accessibility. The convenient location offers proximity to Interstate 85 and ample shopping options. Each building features sufficient parking. The asking price for this portfolio is $10,500,000, translating to a price per square foot of $1,336.56. The property is zoned for commercial use and consists of single-story buildings. This represents a stable, high-yield investment opportunity in a desirable medical corridor. The buildings are well-maintained and benefit from a strong, long-term tenant with a proven track record. This is a rare opportunity to acquire a fully occupied, medical office portfolio with significant remaining lease term in a prime Montgomery location.

    Property Features for 432 St Lukes Dr

    General Information

    Property type
    Medical offices
    Square Feet
    7,856 SF

    Building Details

    Stories
    1

    HighLights

    • Excellent condition office buildings in office park adjacent to Baptist Medical Center Hospital.
    • Convenient I‑85 access and proximity to shopping.
    • Ample parking available at both buildings.
    • Center for Pain tenant is Clearway Pain Solutions, a leading 43‑location Eastern US pain management practice.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.171281566509
    Latitude
    32.378565872355

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    FAQs

    What type of property is this?
    Medical office - Five Class B medical offices, strong tenant.
    Where is this medical office located?
    The property is located at 432 St Lukes Dr Montgomery, AL.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: Excellent condition office buildings in office park adjacent to Baptist Medical Center Hospital.; Convenient I-85 access and proximity to shopping.; Ample parking available at both buildings.
    Request Owner's contact information
    432 St Lukes Dr 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.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    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
    432 St Lukes Dr Montgomery, AL 36117
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