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    378 St Lukes Dr Montgomery, AL 36117

    For Sale
    $59,900

    Half-acre lot, ideal medical office site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0.5-acre commercial lot, located at 378 St. Lukes Drive in Montgomery, Alabama (zip code 36117), presents a unique investment opportunity. Zoned O-1, this flat, buildable land is perfectly situated across from Baptist East Hospital, offering unparalleled visibility and accessibility. The property's strategic location is nestled between two established medical offices, creating a synergistic environment ideal for a new medical practice or complementary commercial venture. The asking price is $59,900. This prime location in Montgomery County provides easy access to major roadways and a thriving patient base. The half-acre lot size offers ample space for development, allowing for flexibility in design and construction. This is a rare opportunity to acquire a highly desirable commercial parcel in a rapidly growing area with significant potential for return on investment. Don't miss this chance to establish your business in a prime medical corridor.

    Property Features for 378 St Lukes Dr

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • 0.5‑acre commercial lot in Montgomery, AL (36117) for $59,900.
    • O‑1 zoning, flat and buildable.
    • High visibility across from Baptist East Hospital.
    • Located between two established medical offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.17026377909
    Latitude
    32.378909774516

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    FAQs

    What type of property is this?
    Land - Half-acre lot, ideal medical office site.
    Where is this land located?
    The property is located at 378 St Lukes Dr Montgomery, AL.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: 0.5-acre commercial lot in Montgomery, AL (36117) for $59,900.; O-1 zoning, flat and buildable.; High visibility across from Baptist East Hospital.
    (334) 652-2121
    Request Owner's contact information
    378 St Lukes Dr Montgomery, AL 36117
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    Montgomery, AL 36117
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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
    378 St Lukes Dr Montgomery, AL 36117
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