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    1 Block F - Malcolm Dr Montgomery, AL 36116

    For Sale
    $213,000

    Prime Commercial Lot, B-3 Zoning, $213,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial lot, located at Lot 1, Block F - Malcolm Drive in Montgomery, Alabama, presents a unique investment opportunity. Boasting an impressive size of approximately 35,501 square feet, this property is zoned B-3, allowing for a wide range of commercial uses. Situated at the corner of Malcolm Drive and Averiett Drive, just off Taylor Road, this lot offers excellent visibility and accessibility for any business. The asking price is $213,000, translating to approximately $6.00 per square foot. This represents a compelling value for a property of this size and location in Montgomery. The property is available for immediate possession. While the property is subject to Protective Covenants and Restrictions, these details are readily available upon request. This prime location, combined with its generous size and favorable zoning, makes this lot ideal for a variety of commercial ventures. Don't miss this chance to secure a prominent location in a thriving Montgomery business district. The zip code is 36116.

    Property Features for 1 Block F - Malcolm Dr

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • Price: $213,000 ($6.00/SF)
    • Lot Size: ±35,501 SF
    • Zoning: B‑3 Commercial
    • Highest and Best Use: Commercial
    • Visibility: Excellent
    • Possession: Immediate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.1803786
    Latitude
    32.3301026

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Commercial Lot, B-3 Zoning, $213,000
    Where is this office property / space located?
    The property is located at 1 Block F - Malcolm Dr Montgomery, AL.
    What is the asking price?
    The asking price for this property is $213,000.
    What are key features of this property?
    This property features: Price: $213,000 ($6.00/SF); Lot Size: ±35,501 SF; Zoning: B-3 Commercial
    (334) 271-2475
    Request Owner's contact information
    1 Block F - Malcolm Dr Montgomery, AL 36116
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    Montgomery, AL 36116
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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 Block F - Malcolm Dr Montgomery, AL 36116
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