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    1375 Federal Dr Montgomery, AL 36107

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    High-traffic retail center, month-to-month leases.

    Property size:
    20,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Montgomery Plaza South presents a compelling value-add opportunity for investors seeking immediate cash flow and significant upside potential. This 20,890-square-foot shopping center, situated on a 2.08-acre lot at 1375 Federal Drive in Montgomery, Alabama (zip code 36107), is currently 95% occupied with tenants on month-to-month leases. This provides a new owner the flexibility to quickly reposition the asset and increase rental income. The property boasts a prime location in North Central Montgomery, benefiting from high visibility with 12,928 vehicles passing daily on Federal Drive. Its proximity to a newly constructed Circle K and other major businesses, including Walmart, Penske Truck Rental, and Life Storage, ensures consistent foot traffic. The B2 zoning allows for flexible usage options, and existing utilities (water, sewer, gas, and electricity) simplify any redevelopment plans. Built in 1968, this single-building property offers a strong redevelopment potential within a growing commercial hub. The area's demographics are favorable, with over 107,521 residents and a daytime population of 140,448 within a 5-mile radius, and an average household income of $64,687. The property is offered fee simple and presents a rare chance to acquire a nearly fully occupied retail center with immediate cash flow and the potential for substantial long-term returns. The property's location is easily accessible, being just 2.2 miles from I-85.

    Property Features for 1375 Federal Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    20,890 SF
    Lot Size
    90,605 SF

    Building Details

    Year Built
    1968
    Buildings
    1

    HighLights

    • Prime location in North Central Montgomery, 2.2 miles from I‑85.
    • Adjacent to a new Circle K, boosting foot traffic.
    • High visibility with 12,928 vehicles daily on Federal Drive.
    • Thriving commercial area near Walmart, Penske Truck Rental, and Life Storage.
    • Strong demographics: over 107,521 residents and 140,448 daytime population within 5 miles, $64,687 average household income.
    • Nearly fully occupied, with month‑to‑month leases offering immediate upside potential.
    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?
    Lifestyle center - High-traffic retail center, month-to-month leases.
    Where is this lifestyle center located?
    The property is located at 1375 Federal Dr Montgomery, AL.
    What are key features of this property?
    This property features: Prime location in North Central Montgomery, 2.2 miles from I-85.; Adjacent to a new Circle K, boosting foot traffic.; High visibility with 12,928 vehicles daily on Federal Drive.
    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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