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    555 Eastern Blvd Montgomery, AL 36117

    For Sale
    $3,400,000

    Prime Montgomery Retail Opportunity

    Property size:
    59,061 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail investment opportunity encompasses a 59,061 square foot, Class B, single-tenant building situated on a 10.4-acre lot in Montgomery, Alabama. The property, built in 1985, consists of four buildings and offers ample on-site parking. Its strategic location along Eastern Boulevard boasts high traffic counts (57,356 AADT), placing it within a thriving retail corridor. Nearby amenities include established apartment complexes (Turtle Place, The Mark, Eastdale Apartments), numerous car dealerships (Capital Chevrolet, Audi, BMW, Rineheart Toyota), and a wide array of retail options within a one-mile radius (Sam's Club, Big Lots, Eastdale Mall with national tenants including JC Penney, At Home, Belk's, Dillard's, Chuck E. Cheese's, and Lens Crafters). Convenient access to I-85 (0.6 miles) and I-65 (1.7 miles) further enhances its appeal. The property's proximity to Maxwell Air Force Base (9.1 miles), with its substantial population of active duty personnel, contractors, and retirees, as well as the Air Force University, presents a significant market advantage. The property is zoned INST (Institutional Area) and is offered at $3,400,000 ($60.95/sq ft). This owner-user investment presents a compelling opportunity for significant return. The APN is 10 06 13 1 001 008.000.

    Property Features for 555 Eastern Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    59,061 SF
    Class
    B
    Lot Size
    453,024 SF

    Building Details

    Year Built
    1985
    Buildings
    4
    Stories
    1

    HighLights

    • Four‑building, 59,061 SF Class B retail property on a 10.4‑acre lot with ample parking.
    • Eastern Boulevard location boasts 57,356 AADT.
    • Surrounded by established apartment complexes (Turtle Place, The Mark, Eastdale Apartments).
    • Proximity to multiple car dealerships (Capital Chevrolet, Audi, BMW, Rinehart Toyota).
    • Strong retail presence within one mile (Sam's Club, Big Lots, Eastdale Mall with national tenants).
    • Excellent access to Eastern Boulevard and Atlanta Highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alcazar Shriners Charity Scottish Rite Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -86.2068756
    Latitude
    32.3720948

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    FAQs

    What type of property is this?
    Retail property - Prime Montgomery Retail Opportunity
    Where is this retail property located?
    The property is located at 555 Eastern Blvd Montgomery, AL.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: Four-building, 59,061 SF Class B retail property on a 10.4-acre lot with ample parking.; Eastern Boulevard location boasts 57,356 AADT.; Surrounded by established apartment complexes (Turtle Place, The Mark, Eastdale Apartments).
    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
    555 Eastern Blvd Montgomery, AL 36117
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