2900 Mcgehee Rd Montgomery, AL 36111
- Office buildings
- 9,125 SF
- 0.85 lot acres
Current Use by Public Records
- MAO - Medical Advocacy and Outreach / Pharmacy / Social Services Organization
- Copeland Care Clinic Montgomery / Medical Clinic / Hiv Testing Center
- Dr. Cordelia Stearns / Internist / Health Care Facility
- Wickliffe Many Jr, MD / Infectious Disease Physician
- MAO Telehealth Resource Center / Establishment
Property Details for 2900 Mcgehee Rd
- Year built
- 1968
- Lot size
- 0.85 lot acres
- Property size
- 9,125 SF
- Zone code
- B-4
- Property type
- Office buildings
- APN
- 10-08-28-4-003-004.000
- APU
- 1008284003004000
Description
This exceptional investment opportunity presents a portfolio of two medical office buildings totaling 16,891 square feet situated on a 1.39-acre lot in Montgomery, Alabama. The property, located at 2900 McGehee Rd, boasts a convenient location near Baptist Medical Center South and Jackson Hospital, ensuring high visibility and accessibility for medical professionals and patients. Built in 1968 and extensively renovated in 2024, the single-story buildings are zoned B-4 Retail/Office, offering flexibility for various medical uses. The asking price is $975,000, translating to $57.72 per square foot. A unique leaseback option is available for up to one year, providing a smooth transition for the buyer. This presents a compelling opportunity for medical practices seeking a strategic location with excellent access to major healthcare facilities. The property's recent renovation ensures modern amenities and functionality, making it an attractive investment for both owner-occupiers and investors. The portfolio's proximity to major hospitals makes it an ideal location for medical practices seeking high patient traffic and convenient access to medical resources. This is a rare opportunity to acquire a well-maintained, strategically located medical office portfolio in a thriving healthcare market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $900,000
- 6.5%
- $1,015,000
- 7%
- $845,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $875,000
- Geo Method
- $970,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $955,000
- Retail
- $880,000
- Mixed-Use
- $900,000
- Hospitality
- $845,000
- Educational
- $985,000
- Residential Income
- $1,025,000
- Energy
- $950,000
- Income-Based Land
- $800,000
- Food Service
- $960,000
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2624
- Latitude
- 32.3373
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
