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    2142 Spruce St Montgomery, AL 36106

    For Sale
    $158,000

    1.55-Acre M-1 Zoned Site, $158,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.55-acre commercial property, located at 2142 Spruce Street in Montgomery, Alabama (zip code 36106), presents a unique investment opportunity. Zoned M-1, this fee-simple land offers a wide array of permitted uses, including light industrial applications and various retail businesses as allowed under B-2 zoning. These possibilities encompass stores selling diverse merchandise (food, apparel, furniture, etc.), service businesses (dry cleaning, barber shops, offices), and even automobile services. The property benefits from convenient interstate access via I-85, utilizing Forest Avenue or Ann Street. Adding to its versatility, the site includes an existing 2,500 square foot block building. This structure features a 10' x 10' overhead door, two 3' x 6.8' walk-in doors, and a 16' x 26' framed office space with two small bathrooms (one plumbed and functional). Three-phase power is readily available. The property consists of eight contiguous tax parcels. This densely populated area offers limited available land, making this a highly desirable investment at a reduced price of $158,000 cash at closing. The property is conveniently located near Interstate 85.

    Property Features for 2142 Spruce St

    General Information

    Property type
    Land
    Lot Size
    67,518 SF

    HighLights

    • Exclusive Listing, cooperating brokers invited.
    • 1.55‑acre site comprised of eight contiguous parcels.
    • Reduced price: $158,000 cash at closing.
    • M‑1 zoning.
    • Excellent interstate access.
    • Highly versatile permitted uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Head Construction Inc General Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2801504
    Latitude
    32.3648773

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    FAQs

    What type of property is this?
    Land - 1.55-Acre M-1 Zoned Site, $158,000
    Where is this land located?
    The property is located at 2142 Spruce St Montgomery, AL.
    What is the asking price?
    The asking price for this property is $158,000.
    What are key features of this property?
    This property features: Exclusive Listing, cooperating brokers invited.; 1.55-acre site comprised of eight contiguous parcels.; Reduced price: $158,000 cash at closing.
    Request Owner's contact information
    2142 Spruce St Montgomery, AL 36106
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    Montgomery, AL 36106
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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
    2142 Spruce St Montgomery, AL 36106
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