Technical
Financial
Distress signals
Property profile

142 Montgomery St Montgomery, AL 36104

OFF-MARKET
Turn key restaurants
Property ID
US03-0298211
3,600 SF 0.04 ac lot Built 1920
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

142 Montgomery St Montgomery, AL 36104-3525
Montgomery metro Census 100 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2019
6 recorded transactions
2019
$260,000
2018
$200,000
2008
$382,500
2007
Price N/A
2007
$221,000
1969
Price N/A

Zoning & alternative use

T5 · Montgomery, AL
Zoning description

Urban Center Zone consists of higher density mixed use buildings that accommodate retail, offices, rowhouses and apartments. It has a tight network of streets, with wide sidewalks, steady street tree planting and buildin…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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