2940 South Blvd Montgomery, AL 36116
- Retail properties
- 10,836 SF
- 2.64 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2940 South Blvd
- Year built
- 1982
- Lot size
- 2.64 lot acres
- Property size
- 10,836 SF
- Property type
- Retail properties
Description
This 10,836 square foot, single-tenant retail building at 2940 E South Blvd in Montgomery, Alabama, is available for $549,000. Boasting a 11% cap rate and situated on a 2.64-acre lot, this Class B property features abundant parking (140 spaces), a new roof, and a pylon sign. The building, constructed in 1982, is zoned B-3: Highway Commercial and benefits from a high-traffic location. It's directly across from the Montgomery Police & Fire Station, MPACT Technical School, and LAMP Magnet School, and near Trenholm State Community College, Village Senior Living, and Magnolia Apartments. The property enjoys excellent visibility on US 231 (40,350 AADT) and benefits from high frontage traffic counts (42,474 AADT). Its proximity to Baptist Medical Center South (2.1 miles) and I-85 (3.8 miles) further enhances its appeal. The property is currently vacant, presenting a unique opportunity for owner-occupancy or lease to a new tenant. This is an exceptional investment opportunity in a high-growth area of Montgomery.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2475
- Latitude
- 32.3263
