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    1162 Decatur St Montgomery, AL 36104

    For Lease
    $10 SF/Yr ($14,030 /Mo)

    Multiple Suites Available, High Visibility

    Lot size:
    16,837 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional retail property, located at 1162 S Decatur St in Montgomery, Alabama, offers 16,837 square feet of versatile commercial space. Built in 2002 and zoned M-1, this multi-tenant building presents a unique opportunity for businesses seeking high-traffic exposure. Currently, there are five available spaces ranging in size from 1,300 square feet to 11,900 square feet, providing flexibility for various retail concepts. The property boasts a total of 16,837 square feet, with 8,000 square feet currently vacant. Its strategic location in Montgomery County, Alabama, zip code 36104, ensures excellent visibility and accessibility for customers. This property is ideal for businesses seeking a prominent location in a thriving market. The building's modern design and ample space offer a blank canvas for creative retail ventures. The substantial vacant space allows for customization to suit specific business needs, making it an attractive option for expansion or new ventures. This is a rare opportunity to secure prime retail space in a desirable Montgomery location. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional property.

    Property Features for 1162 Decatur St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,837 SF
    Total Rate
    14030.83

    Building Details

    Year Built
    2002

    Unit(s) available at that property

    Space
    Suite B
    Size
    1,300 SF
    Rate per SF
    $12
    Space
    Suite D
    Size
    8,000 SF
    Rate per SF
    $10
    Space
    Suite C
    Size
    1,300 SF
    Rate per SF
    $12
    Space
    Suite E
    Size
    1,300 SF
    Rate per SF
    $12
    Space
    Suite B,C,D&E
    Size
    11,900 SF
    Rate per SF
    $10

    HighLights

    • 8,000 SF retail space available at University Shopping Center.
    • Convenient I‑85 access.
    • High visibility from major thoroughfares.
    • 0.2 miles from Alabama State University.
    • 1.5 miles from I‑65.
    • 2.8 miles from Montgomery Whitewater, an Olympic‑standard whitewater park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3006872
    Latitude
    32.363048

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    FAQs

    What type of property is this?
    Retail property - Multiple Suites Available, High Visibility
    Where is this retail property located?
    The property is located at 1162 Decatur St Montgomery, AL.
    What is the lease rate?
    The lease rate is $10-$12 SF/Yr.
    What are key features of this property?
    This property features: 8,000 SF retail space available at University Shopping Center.; Convenient I-85 access.; High visibility from major thoroughfares.
    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
    1162 Decatur St Montgomery, AL 36104
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