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    36 Dexter Ave Montgomery, AL 36104

    For Lease
    $4 SF/Yr ($13,956 /Mo)

    Prime Retail Location, Multiple Spaces Available

    Lot size:
    41,869 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail property, located at 36 Dexter Avenue in Montgomery, Alabama's central business district, offers 41,869 square feet of space with multiple occupancy options. Currently, 21,277 square feet are vacant, divisible into units ranging from 1,709 to a maximum contiguous 14,000 square feet. Built in 1900 and renovated in 1995, the building sits on a 0.35-acre lot and is zoned Smart Code - T5. Its central location provides unparalleled access to a thriving downtown area, boasting 35,826 employees within walking distance. Key nearby attractions include the Convention Center, MPAC, EJI, prime historical tourist destinations, Riverfront Park, hotels, restaurants, and various entertainment options. The property benefits from convenient access to the I-65/I-85 interchange, ensuring excellent accessibility for both employees and customers. This presents a unique opportunity for businesses seeking a high-visibility location within a vibrant and growing urban core. The building's history and recent renovations combine to offer a blend of character and modern functionality, making it an ideal space for a variety of retail ventures. The flexible space options cater to businesses of various sizes, providing a scalable solution for growth and expansion. This is a rare opportunity to secure a prominent retail presence in a highly desirable Montgomery location.

    Property Features for 36 Dexter Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,869 SF
    Total Rate
    13956.33

    Building Details

    Year Built/Renovated
    1900/1995

    Unit(s) available at that property

    Space
    Suite 36
    Size
    14,000 SF
    Rate per SF
    $4
    Space
    Suite 26
    Size
    14,000 SF
    Rate per SF
    $4
    Space
    Suite 112
    Size
    2,668 SF
    Space
    Suite 116-B
    Size
    1,709 SF
    Rate per SF
    $18
    Space
    Suite 44
    Size
    14,000 SF
    Rate per SF
    $4
    Space
    Suite 108
    Size
    2,350 SF

    HighLights

    • Excellent access to major thoroughfares.
    • Retail spaces in the heart of the Central Business District (CBD), currently occupied by Rock N' Roll Sushi, Island Delight, and 36 Lofts.
    • Prime location within walking distance of the Convention Center, MPAC, entertainment, and numerous restaurants, hotels, and retail options.
    • Residential units (36 Lofts) located directly above retail spaces.
    • Strong residential and hotel presence with 600+ existing and developing residential units and 893 hotel rooms downtown, plus two new boutique hotels under construction.
    • Significant employment base with 35,826 employees in the downtown Montgomery area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    District 36 Lofts Apartment Rental Agency Youth N Action Association / Organization Montgomery Independent Newspaper Newspaper Publisher Island Delight Jamaican Restaurant Montgomery Mold Environmental Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3081585
    Latitude
    32.3769914

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Location, Multiple Spaces Available
    Where is this individual retail property located?
    The property is located at 36 Dexter Ave Montgomery, AL.
    What is the lease rate?
    The lease rate is $0.00-$18 SF/Yr.
    What are key features of this property?
    This property features: Excellent access to major thoroughfares.; Retail spaces in the heart of the Central Business District (CBD), currently occupied by Rock N' Roll Sushi, Island Delight, and 36 Lofts.; Prime location within walking distance of the Convention Center, MPAC, entertainment, and numerous restaurants, hotels, and retail options.
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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
    36 Dexter Ave Montgomery, AL 36104
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