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    162 Lee St Montgomery, AL 36104

    For Lease
    Contact for pricing

    Prime location, large single-tenant retail space

    Lot size:
    153,384 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 153,384 square foot Class B retail property at 162 Lee Street in Montgomery County is ideally situated in the heart of downtown. Its T5 zoning makes it perfect for a variety of uses, particularly a large church or event space. The building's prime location offers unparalleled access to a vibrant and growing community. Within walking distance are the Convention Center, MPAC, the Equal Justice Initiative (EJI) site, key historical tourist attractions, Riverfront Park, numerous hotels, restaurants, retail shops, offices, and entertainment venues. The property benefits from a strong workforce, with approximately 35,826 employees in the immediate downtown area, and a significant student population, including approximately 4,000 Troy University Montgomery students within a four-block radius. Its strategic location offers easy access to major transportation arteries, being approximately 1.5 miles from the I-85/I-65 interchange. Furthermore, its proximity to Maxwell Air Force Base (within 2 miles), serving 25,000 active duty personnel, guards, reserves, contractors, and retirees, as well as the Air Force University with over 20,000 annual attendees, presents a substantial and readily accessible market. This presents a unique opportunity for a business seeking high visibility and a strong customer base in a thriving urban environment. The single-tenant occupancy offers flexibility and control.

    Property Features for 162 Lee St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    153,384 SF
    Class
    B

    Unit(s) available at that property

    Space
    Size
    15,766 SF

    HighLights

    • 153,384 SF single‑tenant retail building.
    • Class B retail space in downtown Montgomery, AL.
    • Excellent location near the Convention Center, MPAC, EJI, Riverfront Park, and other amenities.
    • Strong surrounding employment base (35,826 employees downtown).
    • Proximity to Troy University Montgomery (4,000+ students) and Maxwell Air Force Base (25,000+ personnel).
    • Convenient access to I‑85/I‑65 interchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    2 Cities Church Church

    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
    -86.310126427985
    Latitude
    32.376496883123

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    FAQs

    What type of property is this?
    Retail property - Prime location, large single-tenant retail space
    Where is this retail property located?
    The property is located at 162 Lee St Montgomery, AL.
    What are key features of this property?
    This property features: 153,384 SF single-tenant retail building.; Class B retail space in downtown Montgomery, AL.; Excellent location near the Convention Center, MPAC, EJI, Riverfront Park, and other amenities.
    Request Owner's contact information
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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
    162 Lee St Montgomery, AL 36104
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