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    1 Court Sq Montgomery, AL 36104

    For Lease
    Contact for pricing

    Prime location, multiple spaces available.

    Lot size:
    153,384 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 1 Court Square in Montgomery, Alabama, offers a unique blend of traditional office and coworking spaces. The building encompasses 153,384 square feet on a 1.12-acre lot and is classified as Class C. Currently, three spaces are available, ranging in size from 1,000 to 49,526 square feet, providing flexibility for various business needs. The property enjoys a highly desirable downtown location, within walking distance of the Convention Center, MPAC, the Equal Justice Initiative (EJI) site, prime historical tourist destinations, Riverfront Park, hotels, restaurants, and other retail and entertainment options. Its strategic position benefits from a substantial workforce, with approximately 35,826 employees in downtown Montgomery and 4,000 students at Troy University Montgomery within a four-block radius. Convenient access to major transportation arteries is ensured by its proximity to the I-85/I-65 interchange (approximately 1.5 miles) and Maxwell Air Force Base (approximately 2.0 miles), serving a large population of active duty personnel, guards, reserves, contractors, and retirees. On-site parking is available. This property presents a compelling opportunity for businesses seeking a prominent presence in the vibrant heart of Montgomery.

    Property Features for 1 Court Sq

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    153,384 SF
    Class
    C

    Unit(s) available at that property

    Space
    Second Floor
    Size
    49,526 SF
    Space
    Third Floor
    Size
    28,000 SF
    Space
    First Floor
    Size
    23,000 SF

    HighLights

    • 153,384 SF Class C office building on a 1.12‑acre lot in downtown Montgomery, AL.
    • Three available suites ranging from 1,000 to 49,526 SF.
    • Prime downtown location near the Convention Center, MPAC, EJI site, Riverfront Park, and numerous amenities.
    • Strong workforce proximity: 35,826 downtown employees and 4,000 Troy University students nearby.
    • Convenient access to I‑85/I‑65 interchange and Maxwell Air Force Base; on‑site parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chesterfield Loans Loan Agency Indian Affairs Commission Government Office US Bankruptcy Court ... Federal Courthouse Chesterfield Co Loans Loan Agency Payne & Associates Architects Architect

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -86.309065979146
    Latitude
    32.377043498008

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    FAQs

    What type of property is this?
    Coworking space - Prime location, multiple spaces available.
    Where is this coworking space located?
    The property is located at 1 Court Sq Montgomery, AL.
    What are key features of this property?
    This property features: 153,384 SF Class C office building on a 1.12-acre lot in downtown Montgomery, AL.; Three available suites ranging from 1,000 to 49,526 SF.; Prime downtown location near the Convention Center, MPAC, EJI site, Riverfront Park, and numerous amenities.
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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
    1 Court Sq Montgomery, AL 36104
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