111 Washington Ave Montgomery, AL 36104
- Office Properties & Spaces
- 9,500 SF
Current Use by Public Records
- Ampersand Coworking / Coworking Space
- Stamp Ideas / Advertising Agency
Property Details for 111 Washington Ave
- Property size
- 9,500 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Class A executive office building, located at 111 Washington Ave in Montgomery, Alabama, presents a unique investment opportunity. The property, encompassing 9,500 square feet across three stories, is fully occupied and boasts a compelling asking price of $2,900,000 ($305.26/sq ft). Originally two structures dating back to 1848 and 1860, the building underwent a complete renovation in 2013, seamlessly blending historic charm with modern functionality. The thoughtfully designed interior space accommodates approximately 40 staff members, featuring six distinct yet interconnected sections. These include two executive suites with private meeting areas, sixteen individual offices, a central reception area with two adjacent conference rooms, and multiple shared work and recreational spaces. Six unisex restrooms are also provided for convenience. The property further benefits from ample parking, with 22 spaces available in an adjacent lot created by combining and paving two additional lots at 27 and 29 South Perry Street. This turnkey operation offers immediate income generation and a prime location in Montgomery's vibrant downtown area, making it an attractive investment for discerning buyers. The building's single tenancy ensures ease of management and consistent revenue streams.
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
- -86.3071
- Latitude
- 32.3764
