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    2940 South Blvd Montgomery, AL 36116

    Sponsored
    For Sale
    $549,000

    Vacant Retail Building, High Traffic Area

    Property size:
    10,836 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 10,836 square foot, single-tenant retail building at 2940 E South Blvd in Montgomery, Alabama, is available for $549,000. Boasting a 11% cap rate and situated on a 2.64-acre lot, this Class B property features abundant parking (140 spaces), a new roof, and a pylon sign. The building, constructed in 1982, is zoned B-3: Highway Commercial and benefits from a high-traffic location. It's directly across from the Montgomery Police & Fire Station, MPACT Technical School, and LAMP Magnet School, and near Trenholm State Community College, Village Senior Living, and Magnolia Apartments. The property enjoys excellent visibility on US 231 (40,350 AADT) and benefits from high frontage traffic counts (42,474 AADT). Its proximity to Baptist Medical Center South (2.1 miles) and I-85 (3.8 miles) further enhances its appeal. The property is currently vacant, presenting a unique opportunity for owner-occupancy or lease to a new tenant. This is an exceptional investment opportunity in a high-growth area of Montgomery.

    Property Features for 2940 South Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    10,836 SF
    Class
    B
    Lot Size
    114,998 SF

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    1

    HighLights

    • Free‑standing building.
    • New roof.
    • Fire sprinkler system.
    • Ample parking (140 spaces).
    • Pylon signage.
    • High‑visibility location across from City of Montgomery Police & Fire Station, MPACT Technical School, LAMP Magnet School, and Trenholm State Community College - Patterson Campus.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2474845
    Latitude
    32.3263104

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    FAQs

    What type of property is this?
    Retail property - Vacant Retail Building, High Traffic Area
    Where is this retail property located?
    The property is located at 2940 South Blvd Montgomery, AL.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Free-standing building.; New roof.; Fire sprinkler system.
    Request Owner's contact information
    2940 South Blvd Montgomery, AL 36116
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    Montgomery, AL 36116
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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
    2940 South Blvd Montgomery, AL 36116
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