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    31 Commerce St Montgomery, AL 36104

    For Sale
    $390,000

    Prime Mixed-Use Investment Opportunity

    Property size:
    11,673 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A, 11,673 sq ft mixed-use building is located in Montgomery, Alabama's central business district, at 31 Commerce St. Situated on a 0.17-acre lot, this vacant, two-story property offers unparalleled visibility adjacent to the Chamber of Commerce. Built in 1982, the concrete structure features a versatile open floor plan, a dock-high loading dock, and a service elevator, ensuring convenience and accessibility. The T-4 Smart Code zoning allows for a wide range of uses, making it ideal for various businesses. Its prime location offers easy access to popular restaurants, the market, the Alley Entertainment District, and major interstates (I-65 and I-85 are within 0.8 and 1.3 miles respectively). The asking price is $390,000, with a price per square foot of $33.41. This NNN lease property presents a unique chance to establish a thriving business in a vibrant downtown setting, benefiting from high foot traffic and proximity to approximately 450 new residential units. The multi-tenancy structure provides flexibility for various business models.

    Property Features for 31 Commerce St

    General Information

    Property type
    Coworking space
    Square Feet
    11,673 SF
    Class
    A
    Lot Size
    7,405 SF

    Building Details

    Stories
    2

    HighLights

    • Class A, 11,673 sq ft mixed‑use building in Montgomery, AL's central business district.
    • Prime location adjacent to the Chamber of Commerce, near restaurants, entertainment, and 450+ new residential units.
    • Features a dock‑high loading dock, service elevator, and open floor plan; concrete construction.
    • Convenient access to I‑65 (0.8 miles) and I‑85 (1.3 miles).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Blue Cross Blue ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3102789
    Latitude
    32.3779153

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    FAQs

    What type of property is this?
    Coworking space - Prime Mixed-Use Investment Opportunity
    Where is this coworking space located?
    The property is located at 31 Commerce St Montgomery, AL.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Class A, 11,673 sq ft mixed-use building in Montgomery, AL's central business district.; Prime location adjacent to the Chamber of Commerce, near restaurants, entertainment, and 450+ new residential units.; Features a dock-high loading dock, service elevator, and open floor plan; concrete construction.
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    31 Commerce St Montgomery, AL 36104
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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
    31 Commerce St Montgomery, AL 36104
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