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    Central Pkwy Montgomery, AL 36106

    For Sale
    Contact for pricing

    14.3 Acres, O-1 Zoning, Montgomery, AL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land offering presents a rare opportunity in Montgomery, Alabama. Comprising 14.3 acres situated on Central Parkway, this property is zoned O-1, making it ideally suited for office development. The land is currently undeveloped and offers excellent visibility due to its prime location. The property is divided into two separately priced parcels: Lot 2A, approximately 41,038 square feet, and Lot 2B, approximately 68,712 square feet. Each parcel is available for sale as a whole. The land is priced at $2.50 per square foot. This represents a significant investment opportunity for developers seeking to capitalize on the strong potential of this high-visibility location in Montgomery County. The seller is Regions Bank, acting as Trustee of the Ida Belle Young Revocable Trust. This property provides an excellent foundation for a new office complex, taking advantage of its convenient access and prominent positioning along Central Parkway. The O-1 zoning ensures flexibility for various office-related developments. Serious inquiries are encouraged to explore this unique opportunity further. The property is located in Montgomery, Alabama, zip code 36106.

    Property Features for 0 Central Pkwy

    General Information

    Property type
    Land
    Lot Size
    622,908 SF

    HighLights

    • Offered by Regions Bank, Trustee of the Ida Belle Young Revocable Trust.
    • Asking Price: $2.50 per square foot.
    • Land Area: Approximately 109,750 square feet (two parcels).
    • Zoning: O‑1.
    • Currently Undeveloped.
    • Ideal for Office Development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2218403
    Latitude
    32.3482836

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    FAQs

    What type of property is this?
    Land - 14.3 Acres, O-1 Zoning, Montgomery, AL
    Where is this land located?
    The property is located at Central Pkwy Montgomery, AL.
    What are key features of this property?
    This property features: Offered by Regions Bank, Trustee of the Ida Belle Young Revocable Trust.; Asking Price: $2.50 per square foot.; Land Area: Approximately 109,750 square feet (two parcels).
    (334) 271-2475
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    Central Pkwy Montgomery, AL 36106
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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
    Central Pkwy Montgomery, AL 36106
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