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    1632 Court St Montgomery, AL 36104

    For Sale
    $949,900

    Historic CBD multi-tenant retail building, vacant.

    Property size:
    6,234 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 6,234 square foot retail building situated on a 1.7-acre lot in Montgomery, Alabama's vibrant Central Business District. Built in 1915, the property is zoned B-1-b-q & R-60-m, offering considerable flexibility for a variety of uses. Currently vacant, this multi-tenant building presents a blank canvas for a savvy investor to capitalize on the area's robust growth. The location boasts proximity to key attractions, including the Federal and Montgomery County Courthouses, and benefits from a high concentration of employees within a one-mile radius (35,826). Furthermore, the property's strategic position near Troy University Montgomery (4,000+ students within 5 blocks), numerous hotels (including two new boutique hotels under development), and major transportation arteries (1.9 miles from the Alabama State Capital, 2.3 miles from I-85/I-65) ensures high visibility and accessibility. The proximity to Maxwell Air Force Base (3.7 miles), with its substantial population of active duty personnel, contractors, and retirees, further enhances the property's investment potential. Ample on-site parking is available, adding to the property's appeal. The asking price for this prime retail space is $949,900. This represents a unique chance to acquire a well-positioned asset in a thriving urban core.

    Property Features for 1632 Court St

    General Information

    Property type
    Retail properties
    Square Feet
    6,234 SF
    Lot Size
    74,052 SF

    Building Details

    Year Built
    1915

    HighLights

    • Excellent potential for a bed and breakfast and event center.
    • Ample on‑site parking.
    • Strong residential and hotel growth nearby, including two new boutique hotels.
    • Proximity to Troy University Montgomery (4,000+ students).
    • 1.9 miles from the Alabama State Capital.
    • 2.3 miles from I‑85/I‑65.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hillcrest Manor Bed ... Bed & Breakfast

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage 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
    -86.3090304
    Latitude
    32.3573899

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    FAQs

    What type of property is this?
    Retail property - Historic CBD multi-tenant retail building, vacant.
    Where is this retail property located?
    The property is located at 1632 Court St Montgomery, AL.
    What is the asking price?
    The asking price for this property is $949,900.
    What are key features of this property?
    This property features: Excellent potential for a bed and breakfast and event center.; Ample on-site parking.; Strong residential and hotel growth nearby, including two new boutique hotels.
    (334) 386-2437
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    1632 Court St 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
    1632 Court St Montgomery, AL 36104
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