Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    381 St Lukes Dr Montgomery, AL 36117

    For Sale
    $72,800

    0.42-acre lot, excellent visibility

    Property size:
    18,221 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.42-acre commercial land parcel, encompassing 18,221 square feet, presents a remarkable opportunity for development in Montgomery, Alabama. Located at 381 St. Lukes Drive within the Montgomery East Professional Office Park, this property boasts an enviable location directly across from Baptist Medical Center East, ensuring high visibility and accessibility. The lot is zoned O-1 (Office), making it ideally suited for the construction of office buildings. Its strategic position offers immediate access to Interstate 85 (Exit 9), providing convenient access for employees and clients. The asking price is $72,800, representing a compelling investment opportunity. Possession is immediate, allowing for swift project commencement. This exclusive listing offers a rare chance to secure a prime piece of commercial real estate in a thriving area with excellent visibility and convenient access to major transportation routes. The property's size and zoning make it perfect for a variety of office developments, catering to the needs of businesses seeking a prominent location in a well-established professional park. Don't miss this chance to acquire this highly desirable and strategically located commercial land parcel. The property is ready for immediate development.

    Property Features for 381 St Lukes Dr

    General Information

    Property type
    Land
    Square Feet
    18,221 SF
    Lot Size
    18,295 SF

    HighLights

    • Listed Price: $72,800.
    • Interstate Access: I‑85, Exit 9.
    • Lot Size: ±18,221 sq. ft. (0.42 acres).
    • Zoning: O‑1 (Office).
    • Best Use: Office Development.
    • Excellent Visibility across from Baptist Medical Center East.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.170574
    Latitude
    32.378836

    Nearby Similar for Sale

    • $549,900
      6,508 SF

      Montgomery Commercial Property For Sale

      Commercial property in Montgomery with high rental income potential.
      4249 Lomac St, Montgomery, AL 36106
      View Details
    • $489,000
      7,359 SF

      Unique Mixed-Use Property, Montgomery, AL

      Versatile property suitable for residential and commercial use.
      414 Perry Hill Rd, Montgomery, AL 36109
      View Details
    • New
      $250,000

      Cloverdale Duplex: Investor Opportunity

      Well-maintained duplex in Cloverdale, ideal for rental income.
      2058 Woodley Rd, Montgomery, AL 36111
      View Details
    • $550,000

      Eastern Blvd Commercial Opportunity

      Prime commercial property on Eastern Blvd, Montgomery, AL.
      1301 Eastern Blvd, Montgomery, AL 36117
      View Details
    • $425,000
      3,130 SF

      Versatile Commercial Building with Courtyard

      Unique commercial building suitable for various uses, including office and hospitality.
      1921 Walnut St, Montgomery, AL 36106
      View Details
    • $680,000
      4,897 SF

      Multi-Tenant Building in Montgomery, AL

      Multi-tenant building with recent renovations and ample parking.
      7010 Fulton Ct, Montgomery, AL 36117
      View Details

    FAQs

    What type of property is this?
    Land - 0.42-acre lot, excellent visibility
    Where is this land located?
    The property is located at 381 St Lukes Dr Montgomery, AL.
    What is the asking price?
    The asking price for this property is $72,800.
    What are key features of this property?
    This property features: Listed Price: $72,800.; Interstate Access: I-85, Exit 9.; Lot Size: ±18,221 sq. ft. (0.42 acres).
    (334) 271-2475
    Request Owner's contact information
    381 St Lukes Dr Montgomery, AL 36117
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    381 St Lukes Dr
    Montgomery, AL 36117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    381 St Lukes Dr Montgomery, AL 36117
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.