Property summary
This 1,122 square foot executive office building, located at 2166 Mt Meigs Rd in Montgomery, Alabama, presents a compelling investment opportunity. Priced at $55,000 ($49.02/sq ft), this Class C property offers significant value-add potential. Built in 1945, the building retains historic charm while boasting a versatile B-2 zoning designation, allowing for a range of commercial uses. Its prime location offers convenient access to major transportation arteries, including I-65 and I-85, and is approximately 10.8 miles from Montgomery Regional Airport, ensuring excellent connectivity. The single-unit structure is ideal for an owner-occupier or investor seeking a strong return. This property is situated in the thriving Montgomery MSA, providing a stable market for future growth and appreciation. The building's age presents an opportunity for renovations and upgrades to enhance its value and appeal. This is a rare chance to acquire a well-located, historically significant commercial property at an attractive price point. The property's size and zoning make it suitable for a variety of office or commercial ventures. Don't miss this chance to acquire a piece of Montgomery's commercial real estate landscape.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Montgomery, ALlands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in Montgomery, AL.
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