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    6 Plat 1 Montgomery, AL 36116

    For Sale
    $225,875

    0.86-Acre B-3 Zoned Lot, $225,875

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.86-acre commercial lot, identified as Lot 6 in Taylor Oaks Plat No. 1, presents a unique investment opportunity in Montgomery, Alabama. Situated on Malcolm Drive, this property boasts a strategic location in the desirable East Montgomery area, offering convenient access to major thoroughfares and key amenities. The lot encompasses 37,645.96 square feet and is zoned B-3, providing flexibility for a variety of commercial uses. Its proximity to the I-85 interstate and the vibrant EastChase shopping and entertainment district enhances its appeal and potential for high returns. The address is Malcolm Dr Lot 6 Plat 1, Montgomery, AL 36116, within Montgomery County. This property's location in a thriving commercial area, combined with its generous size and favorable zoning, makes it an ideal site for businesses seeking high visibility and accessibility. The asking price is $225,875. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area of Montgomery. The coordinates are 32.3301026 latitude and -86.1803786 longitude.

    Property Features for 6 Plat 1

    General Information

    Property type
    Land
    Lot Size
    37,462 SF

    HighLights

    • East Montgomery location.
    • Excellent interstate access and proximity to EastChase.
    • B‑3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.1803786
    Latitude
    32.3301026

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    FAQs

    What type of property is this?
    Land - 0.86-Acre B-3 Zoned Lot, $225,875
    Where is this land located?
    The property is located at 6 Plat 1 Montgomery, AL.
    What is the asking price?
    The asking price for this property is $225,875.
    What are key features of this property?
    This property features: East Montgomery location.; Excellent interstate access and proximity to EastChase.; B-3 zoning.
    Request Owner's contact information
    6 Plat 1 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
    6 Plat 1 Montgomery, AL 36116
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