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    3441 Malcolm Dr Montgomery, AL 36116

    For Lease
    $16 SF/Yr

    East Montgomery retail center, 3,443 sq ft available.

    Lot size:
    18,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Billingsley Promenade offers a prime retail opportunity in a high-growth area of East Montgomery, Alabama. This Class B shopping center, built in 2008, totals 18,200 square feet and sits on a 2.07-acre lot at 3441 Malcolm Dr, Montgomery, AL 36116, conveniently located off Taylor Road near Averiett Drive and just two miles from Interstate 85. The property features a single building with 119 parking spaces and is zoned PUD. Currently, 3,443 square feet of retail space is available, divisible into 1,382 and 2,061 square foot units if needed. This location boasts excellent visibility and accessibility, benefiting from a strong demographic profile. Within a three-mile radius, there are 46,563 residents with an average household income exceeding $80,000, and a projected 5-year growth rate of 10.77%. Recent additions of new elementary and high schools further support the area's growth potential. This is an exceptional opportunity for businesses seeking a well-established location in a thriving community.

    Property Features for 3441 Malcolm Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,200 SF
    Class
    B
    Total Rate
    24266.67

    Building Details

    Year Built
    2008
    Buildings
    1

    Unit(s) available at that property

    Space
    1st Fl, Ste 3463
    Size
    3,443 SF
    Rate per SF
    $16

    HighLights

    • Well‑maintained building with high‑quality construction.
    • Ample parking available.
    • Strong tenant mix.
    • Two miles from Interstate 85.
    • Situated in a rapidly growing area of Montgomery.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tipico De Mexico Mexican Restaurant

    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
    -86.1802585
    Latitude
    32.3323197

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    FAQs

    What type of property is this?
    Lifestyle center - East Montgomery retail center, 3,443 sq ft available.
    Where is this lifestyle center located?
    The property is located at 3441 Malcolm Dr Montgomery, AL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Well-maintained building with high-quality construction.; Ample parking available.; Strong tenant mix.
    Request Owner's contact information
    3441 Malcolm Dr 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
    3441 Malcolm Dr Montgomery, AL 36116
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