Current Use by Public Records
- Office Spaces
Property Details for 1680 Montgomery Hwy
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional 8,614-square-foot medical office building is located at 1680 Montgomery Highway in Vestavia Hills, Alabama, 35216. The property offers a fee-simple ownership opportunity with a current asking price of $2,540,000, representing a price per square foot of $294.87. Currently operating at 100% occupancy, the building boasts a strong pro-forma net operating income (NOI) of $130,311, yielding a pro-forma capitalization rate of 5.13%. Its prime location at the corner of Patton Chapel Road and Highway 31 in the heart of Hoover's "Main and Main" area provides exceptional visibility to over 36,000 vehicles daily. The property benefits from its proximity to major transportation arteries, including I-65 and I-459, as well as nearby amenities such as the Riverchase Galleria shopping mall and the Hoover Public Library. The well-lit corner location ensures high visibility from Highway 31. The surrounding area is characterized by a dense residential and daytime population, creating a strong base of potential patients and clients. This presents a compelling investment opportunity in a thriving medical market.
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Location Insight
- Map
- Local Demand
- City
- Vestavia Hills
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.807
- Latitude
- 33.391
