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    OFF-MARKET
    Turn key restaurants

    142 Montgomery St, Montgomery, AL 36104-3525

    3,600 SF 0.04 ac lot Built 1920
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US03-0298211
    Property summary
    AI-generated overview

    This exceptional 3,600 square foot restaurant space, formerly home to Flames Grill, presents a unique opportunity in the heart of downtown Montgomery. The single-tenant property sits on a 0.41-acre lot and is zoned T5, allowing for a variety of uses. The existing 2,300 square foot interior features a fully equipped commercial kitchen, ready for immediate operation. Its prime location offers unparalleled access to a thriving community. Within walking distance are the Montgomery Convention Center, MPAC, the Equal Justice Initiative (EJI) site, prime historical tourist destinations, Riverfront Park, and a vibrant mix of hotels, restaurants, retail shops, offices, and entertainment venues. The property benefits from a high concentration of potential customers, with approximately 35,826 employees in downtown Montgomery and over 4,000 Troy University Montgomery students within a four-block radius. Its convenient location is also just 1.5 miles from the I-85/I-65 interchange and 2 miles from Maxwell Air Force Base, serving 25,000 active duty personnel, guards, reserves, contractors, and retirees, with the Air Force University attracting over 20,000 attendees annually. This property offers significant potential for a new restaurant or a similar business seeking a high-visibility location in a bustling urban environment. Montgomery County location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1920
    Total area 3,600 SF
    Lot 0.04 ac (1,712 SF)
    Zoning code T5
    APN 11-01-12-4-404-011.000
    UPID US03-0298211
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Elsaja Montgomery 136 LLC · 7 yrs held
    Elsaja Montgomery 136 LLC
    since 2019
    6 recorded transactions
    2019
    $260,000
    2018
    $200,000
    2008
    $382,500
    2007
    2007
    $221,000
    1969
    Zoning & alternative use
    T5 · Montgomery, AL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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