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    OFF-MARKET
    Land

    0 Cornerstone Blvd, Montgomery, AL 36116

    9.59 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9.59-acre parcel is ideally situated at the Cornerstone Shopping Center in Montgomery, Alabama, at the intersection of Vaughn Road and Taylor Road. Zoned for commercial use, this property offers unparalleled access to a thriving retail environment. The site is directly adjacent to a Publix-anchored shopping center, boasting a strong tenant mix including Planet Fitness, Mapco, Wells Fargo Bank, Starbucks, PNC Bank, Newk's Eatery, Walgreens, Zaxby's, Dairy Queen, and Burger King. This prime location benefits from excellent traffic flow and visibility, making it perfect for a variety of commercial ventures. The surrounding area is densely populated, with 18,980 households within a three-mile radius, and is characterized by a high concentration of retail, medical, and commercial properties, situated within established residential neighborhoods. The property is located in a high-income area within Montgomery's eastern growth corridor. The land is priced at $7.50 per square foot. The APN is 0909293000001.039. This presents a unique opportunity to capitalize on a high-demand location in a rapidly growing market. The property's strategic position and surrounding amenities make it an attractive investment for developers and businesses seeking a prominent presence in Montgomery.

    Property profile
    Verified
    Property type Land
    Lot 9.59 ac (417,740 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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