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    1380 Federal Dr Montgomery, AL 36107

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    For Sale
    Contact for pricing

    Prime 4-acre lot, ideal for development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.08-acre commercial land parcel presents a remarkable redevelopment opportunity in Montgomery, Alabama. Located at 1375-1401 Federal Drive, this fee simple property boasts a B2 zoning designation, making it suitable for a variety of commercial ventures. The site enjoys a highly desirable location in North Central Montgomery, just 2.2 miles from Interstate 85, ensuring convenient access for both employees and customers. The surrounding area is characterized by strong demographics, with a population of 107,521 within a 5-mile radius and an average household income of $64,687. The property benefits from its proximity to major retailers like Walmart and the recent construction of a Circle K on an adjacent lot, indicating a vibrant and growing commercial sector. Utilities are readily available, simplifying the development process. This is an unparalleled chance to establish a premier commercial destination within Montgomery Plaza, capitalizing on the area's established residential neighborhoods and robust commercial activity. The lot size ranges from 0.56 to 4 acres.

    Property Features for 1380 Federal Dr

    General Information

    Property type
    Land
    Lot Size
    24,394 SF

    HighLights

    • 4.08‑acre commercial land parcel in Montgomery, AL.
    • B2 zoning allows for diverse commercial uses.
    • Excellent North Central Montgomery location, 2.2 miles from I‑85.
    • Strong demographics: 107,521 population within 5 miles, $64,687 average household income.
    • Adjacent to new Circle K and near major retailers like Walmart.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2722996
    Latitude
    32.3970771

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    FAQs

    What type of property is this?
    Land - Prime 4-acre lot, ideal for development
    Where is this land located?
    The property is located at 1380 Federal Dr Montgomery, AL.
    What are key features of this property?
    This property features: 4.08-acre commercial land parcel in Montgomery, AL.; B2 zoning allows for diverse commercial uses.; Excellent North Central Montgomery location, 2.2 miles from I-85.
    Request Owner's contact information
    1380 Federal Dr Montgomery, AL 36107
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    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
    1380 Federal Dr Montgomery, AL 36107
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