2166 Mt Meigs Rd Montgomery, AL 36107-2362
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.
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
B-2 · 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.