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    6200 Old Selma Rd Montgomery, AL 36108

    Sponsored
    For Sale
    $175,000

    Vacant, renovated convenience store, high traffic area.

    Property size:
    2,542 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2,542 square foot convenience/grocery store, located at 6200 Old Selma Rd in Montgomery, Alabama, presents a compelling investment opportunity. Completely renovated in 2016, the property boasts a brand-new walk-in cooler, furniture, counters, air conditioning, and freezer. Situated on an 11,656 square foot lot with 125 feet of road frontage on Old Selma Road, the property benefits from daily traffic counts exceeding 3,570 vehicles. Ample rear parking is available. The building, constructed in 1975, is a single-story, Class C retail property with a gross lease type. Its AGR-1 zoning allows for a variety of uses. The property's strategic location near major corporations like Sabic Plastic and a Hyundai plant, along with numerous small businesses, an auto towing company, and the Montgomery Speedway, ensures consistent foot traffic. Its proximity to Montgomery Regional Airport (10 minutes) and Alabama State University (15 minutes) further enhances its appeal. Seasonal business increases during spring and summer due to a nearby campground. The land value is $94.68 per square foot. The property is currently vacant and offers significant potential for a new owner. The asking price is $175,000.

    Property Features for 6200 Old Selma Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,542 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1975/2016
    Buildings
    1
    Stories
    1
    Units
    67

    HighLights

    • 2,542 SF convenience/grocery store on 11,656 SF lot in Montgomery, AL.
    • Completely renovated in 2016 with new cooler, freezer, and fixtures.
    • 125' of road frontage on Old Selma Rd, with daily traffic counts exceeding 3,570 vehicles.
    • Located near major employers (Sabic, Hyundai) and Montgomery Regional Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Department Store Kitchen & Bath Grocery Store Food Market HVAC Service Discount Store Furniture Store Pet Grooming Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.4458912
    Latitude
    32.3512265

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    FAQs

    What type of property is this?
    Individual retail property - Vacant, renovated convenience store, high traffic area.
    Where is this individual retail property located?
    The property is located at 6200 Old Selma Rd Montgomery, AL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 2,542 SF convenience/grocery store on 11,656 SF lot in Montgomery, AL.; Completely renovated in 2016 with new cooler, freezer, and fixtures.; 125' of road frontage on Old Selma Rd, with daily traffic counts exceeding 3,570 vehicles.
    Request Owner's contact information
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    Montgomery, AL 36108
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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
    6200 Old Selma Rd Montgomery, AL 36108
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