Property profile

2166 Mt Meigs Rd Montgomery, AL 36107

OFF-MARKET
Retail space
Property ID
US03-0304362
1,122 SF 0.07 ac lot Built 1945
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Total area 1,122 SF
Lot 0.07 ac (3,250 SF)
Zoning code B-2
APN 10-03-08-4-034-003.000
UPID US03-0304362

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2166 Mt Meigs Rd Montgomery, AL 36107-2362
Montgomery metro Census 1600 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$145k

Owner & transaction history

since 2025
Last sale
$30,000
1 recorded transaction
2025
$30,000

Zoning & alternative use

B-2 · Montgomery, AL
Zoning description

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…

General category COMMERCIAL

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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