1113 Perry Hill Rd Montgomery, AL 36109
- Strip malls
- 12,852 SF
- 1.54 lot acres
Current Use by Public Records
- Alfa Insurance / Auto Insurance Agency / Dental Insurance Agency
- Perry Hill Package Store / Liquor Store / Beer Store
- CoinFlip Bitcoin ATM / Investment Service / Atm
- 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,630,000
- 6.5%
- $1,465,000
- 7%
- $1,475,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,645,000
- Geo Method
- $1,730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,670,000
- Retail
- $1,445,000
- Mixed-Use
- $1,815,000
- Hospitality
- $1,415,000
- Educational
- $1,500,000
- Residential Income
- $1,825,000
- Energy
- $1,645,000
- Income-Based Land
- $1,730,000
- Food Service
- $1,760,000
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