142 Montgomery St, Montgomery, AL 36104-3525
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
T5 · Montgomery, ALMontgomery. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.