840 Lagoon Business Loop Montgomery, AL 36117
- Retail properties
- 10,978 SF
- 1.55 lot acres
Current Use by Public Records
- Peaches'N Clean / Upholstery Cleaning Service / Carpet Cleaning Service
Property Details for 840 Lagoon Business Loop
- Year built
- 2004
- Lot size
- 1.55 lot acres
- Property size
- 10,978 SF
- Zone code
- M-1
- Property type
- Retail properties
- APN
- 04-07-36-3-000-002.021
- APU
- 407363000002021
Description
This exceptional mixed-use commercial property, located at 840 Lagoon Business Loop in Montgomery, Alabama, presents a compelling investment opportunity. The 10,912 square foot building, constructed in 2005, sits on a 1.55-acre lot in the desirable Lagoon Business Park, boasting high visibility from a corner location. The single-story, Class B building features a well-designed layout ideal for a variety of businesses. The interior includes five private offices, a reception area with file/copy room, a large conference room, a break room, and a separate employee entrance with a bathroom and shower. The property is zoned M1, offering flexibility for various uses. The building's strong pro-forma NOI of $112,500 translates to an attractive 9.00% cap rate, based on the asking price of $1,250,000. This turnkey opportunity includes the option to acquire the existing business, offering immediate revenue potential. The property's prime location ensures easy access for clients and employees, making it an excellent choice for growth-oriented businesses seeking a strategic location in Montgomery, Alabama. This multi-tenant building offers significant potential for both owner-users and investors seeking a strong return on investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $160,000
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Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2166
- Latitude
- 32.4049
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
