100 Mendel Pkwy Montgomery, AL 36117-2798
- Strip malls
- 17,516 SF
- 1.27 lot acres
Current Use by Public Records
- Tradesmen International / General Contractor / Recruiter
- Thompson Legacy Studios / Music Instructor
Property Details for 100 Mendel Pkwy
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 1.27 lot acres
- Property size
- 17,516 SF
- Zone code
- B-3
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 09-03-07-3-000-037.002
- APU
- 903073000037002
Description
This exceptional 17,516-square-foot retail strip center, located at 100 Mendel Parkway in Montgomery, Alabama, presents a compelling investment opportunity. The property, built in 1989, features fifteen units within a single-story building, currently boasting an 87% occupancy rate. This translates to only two vacant units within this thriving shopping center. The center is zoned B-3 (Highway Commercial), ensuring flexibility and high potential for future growth. Ample parking is provided with 70 spaces, and the property benefits from significant visibility due to its 365-foot frontage on Mendel Parkway. The strategic location is further underscored by an impressive 2022 Alabama Department of Transportation traffic count of 42,657 vehicles daily. The landscaping includes Holly Bushes and Crape Myrtles. The asking price is $1,800,000, representing a price per square foot of $102.76. The property's parcel number is 09 03 07 3 000 037.002. Detailed financial information is available upon request. This well-maintained property offers a strong return on investment with its high occupancy rate and prime location. The property's success is a testament to its desirability and potential for continued growth within the Montgomery market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $730,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,025,000
- 6.5%
- $855,000
- 7%
- $980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,000,000
- Geo Method
- $885,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $930,000
- Retail
- $840,000
- Mixed-Use
- $770,000
- Hospitality
- $790,000
- Educational
- $805,000
- Residential Income
- $1,015,000
- Energy
- $835,000
- Income-Based Land
- $960,000
- Food Service
- $990,000
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2026
- Latitude
- 32.3803
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
