Property summary
This exceptional investment opportunity presents a 29,928 square foot, four-building complex situated on 3.2 acres in Montgomery, Alabama. Previously operating as a 64-bed senior living facility, the property offers significant redevelopment potential. The Class B buildings, constructed between 1991 and 2005, are situated on a R-100 zoned lot and boast 64 beds across one-story structures. The property's prime location on Angels Ct, just off Atlanta Highway, benefits from high daily traffic counts (approximately 33,294 vehicles) and proximity to major thoroughfares including I-85 (2.6 miles) and downtown Montgomery (3.8 miles). Its strategic placement near popular businesses such as Publix, Starbucks, and several restaurants, coupled with its adjacency to established residential neighborhoods (Dalraida, Johnstown, Forest Hills, College Grove, Bellehurst, and Fox Hollow), ensures high visibility and accessibility. The property also includes an additional storage/maintenance building. The asking price is $1,300,000, translating to $43.44 per square foot. Its proximity to Gunter Annex (1.7 miles) adds further appeal. This property offers a compelling opportunity for investors seeking a prime location with substantial square footage and redevelopment possibilities.
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