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    2400 Presidents Dr Montgomery, AL 36116

    For Sale
    $3,975,000

    Prestigious Montgomery Office Building, 79,842 SF

    Property size:
    79,842 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Crescent Center, located at 2400 Presidents Dr, Montgomery, AL 36116, presents a unique investment opportunity. This Class A, multi-tenant office building boasts 79,842 square feet of total space, with 66,225 square feet of net rentable area. Currently at 20% occupancy, this five-story building, constructed in 1984, sits on a 4.77-acre lot and is zoned O-1. The asking price is $3,975,000, translating to $49.79 per square foot. The property features a striking granite lobby and reception area, ample parking (5 spaces per 100 square feet), and a convenient location in East Montgomery, near shopping, dining, hotels, and other services. Building amenities include a bookstore, convenience store, fitness room, and loading dock. The beautifully landscaped grounds enhance the professional atmosphere. High-speed internet access is ensured through installed fiber optic cable. Its proximity to I-85 (approximately 2.2 miles) provides excellent accessibility. This executive office building offers significant potential for growth and return on investment.

    Property Features for 2400 Presidents Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    79,842 SF
    Class
    A
    Lot Size
    207,781 SF

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    5

    HighLights

    • $3,975,000 asking price for a 79,842 SF Class A office building.
    • Multi‑tenant occupancy at 20%.
    • 66,225 square feet of net rentable space, priced at $49.79/SF.
    • Located at 2400 Presidents Dr, Montgomery, AL 36116, on a 4.77‑acre lot.
    • Five‑story building (1984 construction) with a 5:100 parking ratio and O‑1 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Convergent Contact Solutions Financial Consultant Trc Staffing Employment Agency Duke energy company Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -86.235691
    Latitude
    32.3336619

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Montgomery Office Building, 79,842 SF
    Where is this office property / space located?
    The property is located at 2400 Presidents Dr Montgomery, AL.
    What is the asking price?
    The asking price for this property is $3,975,000.
    What are key features of this property?
    This property features: $3,975,000 asking price for a 79,842 SF Class A office building.; Multi-tenant occupancy at 20%.; 66,225 square feet of net rentable space, priced at $49.79/SF.
    (334) 387-2724
    Request Owner's contact information
    2400 Presidents Dr 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
    2400 Presidents Dr Montgomery, AL 36116
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