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Property profile & analytics
OFF-MARKET
Neighborhood centers

1417 Federal Dr Montgomery, AL 36107

18,500 SF 2 ac lot Built 1998
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located at 1417 Federal Drive in Montgomery, Alabama, zip code 36107. Montgomery Plaza North is a Class B strip center totaling 18,500 square feet, situated on a 2-acre lot. The property, built in 1998, consists of four buildings and offers multiple suites, with a minimum divisible space of 930 square feet and a maximum contiguous space of 10,000 square feet. Currently, 10,000 square feet of space is available for lease. The property enjoys a strategic location, just 2.2 miles from I-85, providing convenient access to residential areas and other businesses. High traffic counts of 12,928 cars daily ensure excellent visibility and potential customer traffic. The surrounding area boasts a vibrant commercial environment, with nearby businesses including Walmart, the State Farmers Market, and Life Storage. Demographic data reveals a strong market, with 107,521 residents within a 5-mile radius and an average household income ranging from $53,893 to $64,687. Daytime traffic within a 5-mile radius reaches 140,448 people. The property is zoned B2 and utilities including water, sewer, gas, and electricity are readily available. This property presents a compelling investment opportunity for businesses seeking a high-traffic location in a thriving Montgomery community. The property is ideal for businesses seeking flexible space options ranging from 930 to 10,000 square feet.

Property profile
Verified
Property type Neighborhood centers
Year built 1998
Total area 18,500 SF
Lot 2 ac (87,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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