421 Mcdonough St Montgomery, AL 36104

Property Details for 421 Mcdonough St

Year built

1960

Construction

WOOD

Lot size

0.31 lot acres

Property size

6,452 SF

Zone code

T4-R

Property type

Office buildings

APN

10-04-18-2-201-026.000

APU

1004182201026000

Description

This exceptional investment opportunity presents a prime commercial property located in the heart of downtown Montgomery, Alabama, at 421 S McDonough Street. The property boasts sixteen leased units, currently generating income through established service and office space rentals. Two of these units are configured as office suites, catering to a diverse range of potential tenants. The building's strategic location ensures high visibility and accessibility, further enhancing its investment appeal. A significant advantage is the abundant parking available to tenants and visitors, situated conveniently to the right and rear of the building. This ample parking significantly increases the property's desirability and functionality. Adding to the value proposition, a paved lot located behind the main building is included in the sale, providing additional space and potential for future development or expansion. The property is being offered at $279,000, representing a compelling opportunity for investors seeking a stable, income-producing asset in a thriving urban setting. The existing leases provide immediate cash flow, minimizing vacancy risk and maximizing return on investment. This turnkey operation requires minimal management overhead, making it an ideal acquisition for both seasoned and novice investors. The property's strong tenant base and prime location contribute to its long-term growth potential. This is a rare chance to acquire a well-established, income-generating commercial property in a desirable downtown location.