Property profile

378 St Lukes Dr Montgomery, AL 36117

OFF-MARKET
Land
0.5 ac lot
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Property summary

AI-generated overview

This exceptional 0.5-acre commercial lot, located at 378 St. Lukes Drive in Montgomery, Alabama (zip code 36117), presents a unique investment opportunity. Zoned O-1, this flat, buildable land is perfectly situated across from Baptist East Hospital, offering unparalleled visibility and accessibility. The property's strategic location is nestled between two established medical offices, creating a synergistic environment ideal for a new medical practice or complementary commercial venture. The asking price is $59,900. This prime location in Montgomery County provides easy access to major roadways and a thriving patient base. The half-acre lot size offers ample space for development, allowing for flexibility in design and construction. This is a rare opportunity to acquire a highly desirable commercial parcel in a rapidly growing area with significant potential for return on investment. Don't miss this chance to establish your business in a prime medical corridor.

Property profile

Verified
Property type Land
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

378 St Lukes Dr Montgomery, AL 36117
Montgomery metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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