1380 Federal Dr Montgomery, AL 36107
This exceptional 4.08-acre commercial land parcel presents a remarkable redevelopment opportunity in Montgomery, Alabama. Located at 1375-1401 Federal Drive, this fee simple property boasts a B2 zoning designation, making it suitable for a variety of commercial ventures. The site enjoys a highly desirable location in North Central Montgomery, just 2.2 miles from Interstate 85, ensuring convenient access for both employees and customers. The surrounding area is characterized by strong demographics, with a population of 107,521 within a 5-mile radius and an average household income of $64,687. The property benefits from its proximity to major retailers like Walmart and the recent construction of a Circle K on an adjacent lot, indicating a vibrant and growing commercial sector. Utilities are readily available, simplifying the development process. This is an unparalleled chance to establish a premier commercial destination within Montgomery Plaza, capitalizing on the area's established residential neighborhoods and robust commercial activity. The lot size ranges from 0.56 to 4 acres.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.