100 Mendel Pkwy Montgomery, AL 36117-2798
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.
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Thompson Legacy Studios Tutoring Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Montgomery, ALMontgomery. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.