1375 Federal Dr, Montgomery, AL 36107
- Strip malls
- 23,299 SF
- 2.21 lot acres
Current Use by Public Records
- Circle K / Gas Station
- Ranch Thrift Store / Discount Store
Property Details for 1375 Federal Dr
- Year built
- 1963
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.21 lot acres
- Zone code
- B-2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 10-02-04-2-002-002.000
- APU
- 1002042002002000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 23, 2017 | $10,940,500 | Mdc Coast 2 LLC | Twister 4672 LLC | Grant Deed | — |
Description
Montgomery Plaza, located at 1375-1401 Federal Drive in Montgomery, Alabama, presents a compelling investment opportunity. This single-tenant retail strip center encompasses 41,225 square feet across three one-story buildings situated on a 4.08-acre lot. Currently, 22,000 square feet of space is available for lease. The property benefits from a highly desirable location in North Central Montgomery, just 2.2 miles from Interstate 85, ensuring excellent accessibility. The surrounding area boasts strong demographics, with a population of 107,521 within a 5-mile radius and an average household income of $64,687. The property's B2 zoning allows for a variety of commercial uses. Its strategic placement near established businesses, including Walmart and various food outlets, and the ongoing construction of a Circle K next door, further enhances its appeal and potential for growth. The owner is actively seeking tenants and is willing to make significant upgrades to the property to attract suitable businesses. Utilities are readily available. This property offers a unique chance to establish a thriving commercial presence in a vibrant and accessible location. The substantial available space presents a blank canvas for a variety of retail concepts.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $500,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $762,000
- AI Estimate
- $386,000
Market price range: $763k - $2.82MMarket price range: $386k - $969k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2735
- Latitude
- 32.397
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
