2964 Birmingham Hwy Montgomery, AL 36108-1710

Property Details for 2964 Birmingham Hwy

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.30 lot acres

Property size

5,127 SF

Zone code

M-1

Property type

Warehouses

Property subtype

Self storage facilities

APN

11-05-16-2-001-012.000

APU

1105162001012000

Description

This exceptional investment opportunity presents the Evans Activity Center, a vibrant 14,000 square foot entertainment and gathering venue situated on a 5.7-acre lot in Montgomery, Alabama (2964 - 2950 Birmingham Highway, 36108). The property, encompassing two buildings, underwent renovations in 2018, resulting in three ballrooms and two outdoor pavilions. Currently operating as a successful business with weekend bookings often extending months or even years in advance, the Evans Activity Center offers significant upside potential for increased usage and lease income. The property includes five units and three keys. The current asking price is $1,200,000, representing a price per square foot of $85.71, with a strong 8.37% cap rate and a NOI of $100,381. The property is classified as Class C, with a Hospitality, Mixed Use, and Special Purpose designation. While currently not utilizing its liquor license for on-site alcohol sales, this presents an additional avenue for revenue generation. The minimal operating expenses and efficient staffing model contribute to the property's high profitability. The current owner's retirement plans present a unique opportunity for a buyer to capitalize on the existing success and further expand the business's potential. This is a value-add investment opportunity within the Entertainment/Gathering Venue sub-sector.

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Longitude

-86.3696

Latitude

32.3654

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments