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    243 Catoma St Montgomery, AL 36104

    For Lease
    $4 SF/Yr

    68,000 SF Flex/Warehouse Space Available

    Lot size:
    68,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 68,000-square-foot industrial property, located at 243 Catoma Street in Montgomery, Alabama's vibrant Downtown submarket, presents a unique opportunity for businesses seeking flexible space. The property, classified as Class B, boasts a blend of warehouse and flex space, ideal for a variety of uses. Built in 1928 and extensively renovated in 2019, the building offers modern amenities despite its historic charm. The property sits on a substantial 6.89-acre lot and is zoned T-2 Smart Code. Multiple tenancies are available, with a minimum divisible space of 9,500 square feet and a maximum contiguous space of 30,000 square feet. Currently, 40,000 square feet is immediately available for lease. The building features two dock-high doors and two drive-in doors, ensuring efficient loading and unloading. This prime location in Montgomery County, Alabama, zip code 36104, offers excellent accessibility and visibility. The property's size and flexible layout make it suitable for a wide range of industrial and commercial tenants seeking a well-maintained space in a thriving downtown area. Don't miss this chance to secure your business's future in this strategically located and versatile industrial property.

    Property Features for 243 Catoma St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    68,000 SF
    Class
    B
    Total Rate
    22666.67

    Building Details

    Year Built/Renovated
    1928/2019

    Unit(s) available at that property

    Space
    120 Wilkinson
    Size
    40,000 SF
    Rate per SF
    $4
    Space
    134 Wilkinson
    Size
    40,000 SF
    Rate per SF
    $4

    HighLights

    • Opportunity Zone designation.
    • Warehouse/flex space available for lease.
    • Recently renovated with new roof, windows, and abundant natural light.
    • Centrally located in the CBD.
    • Ample parking available.
    • Fully sprinklered and immediately available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store UPS Access Point ... Shipping And Mailing Service CARQUEST AUTO PARTS ... Auto Parts Store

    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
    -86.3138256
    Latitude
    32.37614

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    FAQs

    What type of property is this?
    Distribution property - 68,000 SF Flex/Warehouse Space Available
    Where is this distribution property located?
    The property is located at 243 Catoma St Montgomery, AL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Opportunity Zone designation.; Warehouse/flex space available for lease.; Recently renovated with new roof, windows, and abundant natural light.
    Request Owner's contact information
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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
    243 Catoma St Montgomery, AL 36104
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