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    1540 Eastern Blvd Montgomery, AL 36117

    Sponsored
    For Lease
    $12 SF/Yr

    High-traffic retail center, spaces available

    Lot size:
    42,432 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Woodmere Crossing offers 42,432 square feet of retail space in a single, one-story building constructed in 2004. This Class B shopping center features six suites, with two spaces currently available, ranging from 2,400 to 15,300 contiguous square feet. A total of 17,700 square feet is currently vacant, presenting a significant opportunity for expansion or build-to-suit options. The property sits on a 7.36-acre lot with 376 surface parking spaces, ensuring ample customer parking. Strategically located on Eastern Boulevard, just one mile from Interstate 85, Woodmere Crossing benefits from exceptional visibility and high traffic counts, with over 44,634 cars passing daily. The center enjoys strong anchor tenants including Jason's Deli and Octapharma, with Crunch Fitness and Aldi located nearby. A McDonald's occupies an outparcel, and Golden Corral and Lowe's Home Improvement are in close proximity. The property offers 250 feet of road frontage on Eastern Boulevard, and there's potential for an additional 19,000 square foot anchor space or expansion on a retail pad site between Aldi and the former Petco location. This presents a compelling opportunity for ground lease or build-to-suit development. The property's cross street is Woodmere Boulevard.

    Property Features for 1540 Eastern Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,432 SF
    Class
    B
    Total Rate
    42432

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1540
    Size
    15,300 SF
    Rate per SF
    $12
    Space
    Suite 1530
    Size
    2,400 SF
    Rate per SF
    $14

    HighLights

    • 42,432 SF retail shopping center with 17,700 SF available for lease.
    • Two spaces available, ranging from 2,400 SF to 15,300 SF.
    • Strong anchor tenants include Jason's Deli and Octapharma, with Crunch Fitness and Aldi nearby. McDonald's occupies an outparcel.
    • Located on Eastern Boulevard, offering high visibility and traffic counts (44,634+ cars daily), with 376 parking spaces.
    • 7.36‑acre site with potential for a 19,000 SF anchor space or expansion on a retail pad site. 250' of road frontage.
    • Class B building, constructed in 2004, situated one mile from Interstate 85.
    Property Profile Location Intelligence

    Current Use by Public Records

    fi.d.o Pet Supply Store Sea And Stream Escapes Aquarium Petco Grooming Pet Groomer

    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
    -86.217710924308
    Latitude
    32.356208287184

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail center, spaces available
    Where is this retail property located?
    The property is located at 1540 Eastern Blvd Montgomery, AL.
    What is the lease rate?
    The lease rate is $12-$14 SF/Yr.
    What are key features of this property?
    This property features: 42,432 SF retail shopping center with 17,700 SF available for lease.; Two spaces available, ranging from 2,400 SF to 15,300 SF.; Strong anchor tenants include Jason's Deli and Octapharma, with Crunch Fitness and Aldi nearby. McDonald's occupies an outparcel.
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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
    1540 Eastern Blvd Montgomery, AL 36117
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