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Property profile & analytics
OFF-MARKET
Office buildings

141 Market Pl Montgomery, AL 36117-4900

3,349 SF 0.4 ac lot Built 1988
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-3024895
Property summary
AI-generated overview

This exceptional 3,075 square foot office space is ideally situated at 141 Market Place in Montgomery, Alabama, within Montgomery County. The property boasts a single-tenant occupancy, offering a unique opportunity for a business seeking a dedicated and expansive workspace. Built in 1988, the building sits on a 0.39-acre lot and is zoned B-3, providing flexibility for a variety of commercial uses. The entire 3,075 square feet is currently vacant, presenting a blank canvas for a prospective tenant to customize the space to their specific needs. The property's address is 141 Market Place, Montgomery, AL 36117. Its convenient location offers easy access to local amenities and transportation networks. This is a rare opportunity to acquire a substantial, single-tenant office building in a desirable Montgomery location. The property's size and zoning make it suitable for a wide range of businesses. The vacant status allows for immediate occupancy and customization, eliminating the need for extensive renovations or tenant displacement. This presents a significant advantage for businesses seeking a quick and efficient move-in process. The property's substantial size and prime location make it an attractive investment opportunity for those seeking a strong foothold in the Montgomery commercial real estate market. The 0.39-acre lot offers ample space for potential expansion or future development.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Construction WOOD
Total area 3,349 SF
Lot 0.4 ac (17,293 SF)
APN 09-03-08-3-000-004.008
UPID US03-3024895
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • WMC Internal Medical Medical Clinic
  • Willingham Medical Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Avendale & Assc Psychological Svcs · 1 yrs held
Avendale & Assc Psychological Svcs
since 2024
Last sale
$194,000
2 recorded transactions
2024
$194,000
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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