1113 Perry Hill Rd Montgomery, AL 36109
- Strip malls
- 12,852 SF
- 1.54 lot acres
Current Use by Public Records
- Alfa Insurance / Life Insurance Agency / Motorcycle Insurance Agency
- Perry Hill Package Store / Liquor Store / Beer Store
- CoinFlip Bitcoin ATM / Business Banking Service / Business To Business Service
- Aspire Staffing Inc / Employment Agency
- 1 Stop Cash for Gold / Loan Agency / Jewelry Buyer
Property Details for 1113 Perry Hill Rd
- Year built
- 1998
- Lot size
- 1.54 lot acres
- Property size
- 12,852 SF
- Zone code
- B-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 10-05-15-4-002-003.002
- APU
- 1005154002003002
Description
This exceptional retail property, located at 1113 Perry Hill Rd in Montgomery, Alabama, presents a compelling investment opportunity. The 23,482 square foot strip center, built in 1998, sits on a 1.54-acre lot and is zoned B-2 Business District within Montgomery County. Currently, there is 3,041 square feet of vacant space available, divisible into units ranging from a minimum of 1,516 square feet to a maximum contiguous space of 1,525 square feet. The property's multiple tenancy structure offers flexibility for a variety of retail businesses. Its strategic location in Montgomery, Alabama, with a 36109 zip code, provides excellent visibility and accessibility. The property's age and size suggest a solid foundation for future growth and profitability. This is an ideal opportunity for investors seeking a well-located retail property with immediate income potential and the possibility of further development. The existing infrastructure and zoning regulations offer a clear path for potential tenants and investors. The property's size and layout provide ample space for a variety of retail uses, making it a versatile and attractive investment. Serious inquiries are encouraged to explore this promising opportunity further.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,335,000
- ML approach
- $1,300,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,558,000
Market price range: $421k - $1.56M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $995,000 Current use
- MEDICAL BUILDING
- $1,755,000 Change: +77% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $985,000 Change: -1% Conversion: Easy
- RETAIL STORES
- $980,000 Change: -2% Conversion: Easy
- OFFICE BUILDING
- $840,000 Change: -16% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2436
- Latitude
- 32.3645
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA