880 Plantation Way Montgomery, AL 36117-2217

Property Details for 880 Plantation Way

Year built

1986

Lot size

0.77 lot acres

Property size

6,465 SF

Zone code

M-1

Property type

Warehouses

Property subtype

Self storage facilities

APN

10-01-01-1-001-034.001

APU

1001011001034001

Description

Exceptional investment opportunity in Montgomery, Alabama. This 6,300 square foot industrial property, zoned M-1 for light industrial use, sits on a 0.75-acre lot at 880 Plantation Way, 36117. The property boasts dock-high and drive-in loading capabilities, a fenced yard, and ample parking. Its strategic location offers easy access to major thoroughfares, including proximity to the Eastern Bypass, approximately 0.2 miles from N Eastern Blvd/Hwy 231, approximately 1.6 miles from Atlanta Highway, and approximately 2.8 miles from I-85. A significant advantage is the presence of a long-term tenant—the largest independent provider of smart building solutions in the USA, with a global presence spanning 39 offices. The property generates a strong net operating income (NOI) of $47,230, resulting in an attractive 8.60% capitalization rate. The asking price is $550,000. This property presents a compelling investment opportunity due to its strong tenant, excellent location, and high cap rate. The building's functionality and convenient access to major transportation routes make it an ideal asset for long-term income generation and potential appreciation.