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    111 Washington Ave Montgomery, AL 36104

    For Sale
    $2,900,000

    Historic Charm, Modern Amenities, 9,500 SF

    Property size:
    9,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A executive office building, located at 111 Washington Ave in Montgomery, Alabama, presents a unique investment opportunity. The property, encompassing 9,500 square feet across three stories, is fully occupied and boasts a compelling asking price of $2,900,000 ($305.26/sq ft). Originally two structures dating back to 1848 and 1860, the building underwent a complete renovation in 2013, seamlessly blending historic charm with modern functionality. The thoughtfully designed interior space accommodates approximately 40 staff members, featuring six distinct yet interconnected sections. These include two executive suites with private meeting areas, sixteen individual offices, a central reception area with two adjacent conference rooms, and multiple shared work and recreational spaces. Six unisex restrooms are also provided for convenience. The property further benefits from ample parking, with 22 spaces available in an adjacent lot created by combining and paving two additional lots at 27 and 29 South Perry Street. This turnkey operation offers immediate income generation and a prime location in Montgomery's vibrant downtown area, making it an attractive investment for discerning buyers. The building's single tenancy ensures ease of management and consistent revenue streams.

    Property Features for 111 Washington Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,500 SF
    Class
    A

    Building Details

    Stories
    3

    HighLights

    • Class A executive office building, 9,500 square feet, fully occupied.
    • Asking price: $2,900,000 ($305.26/sq ft).
    • Completely renovated in 2013, blending historic charm with modern functionality.
    • Accommodates approximately 40 staff members; features executive suites, individual offices, conference rooms, and shared spaces.
    • 22 parking spaces in adjacent lot.
    • Prime downtown Montgomery location; turnkey operation with single tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ampersand Coworking Coworking Space Stamp Ideas Advertising Agency

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -86.307128
    Latitude
    32.3764309

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Modern Amenities, 9,500 SF
    Where is this office property / space located?
    The property is located at 111 Washington Ave Montgomery, AL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Class A executive office building, 9,500 square feet, fully occupied.; Asking price: $2,900,000 ($305.26/sq ft).; Completely renovated in 2013, blending historic charm with modern functionality.
    (205) 470-6118
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    111 Washington Ave Montgomery, AL 36104
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    Montgomery, AL 36104
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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
    111 Washington Ave Montgomery, AL 36104
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