2424 Eastern Blvd Montgomery, AL 36117-1506
- Retail space
- 43,837 SF
- 5.25 lot acres
Current Use by Public Records
- Conn's HomePlus / Electronics Store / Furniture Store
Property Details for 2424 Eastern Blvd
- Year built
- 1997
- Lot size
- 5.25 lot acres
- Property size
- 43,837 SF
- Zone code
- B-3
- Property type
- Retail space
- APN
- 10-06-24-3-002-003.000
- APU
- 1006243002003000
Description
This exceptional 43,441 square foot freestanding retail building presents a unique investment opportunity in Montgomery, Alabama. Situated on a 5.25-acre lot, the property boasts unparalleled visibility and accessibility. Its strategic location along Eastern Boulevard/State Highway 8 & 53, a major thoroughfare averaging 47,124 vehicles per day (VPD), ensures high traffic exposure. A large monument sign provides excellent brand visibility. Four separate points of ingress/egress offer convenient access for customers and employees. The property benefits from its proximity to the I-85 on/off ramp (104,787 VPD), a primary artery through Montgomery. This location also offers the advantage of being a junior anchor to Promenade Montgomery and Promenade Montgomery North, two established community centers totaling 270,000 square feet of retail space. The surrounding area is densely populated, with over 211,218 residents and 178,965 employees within the MSA, boasting an average household income of $87,425. This combination of high traffic, excellent visibility, and a strong demographic profile makes this property an ideal location for a variety of retail businesses. The property is located in Montgomery County. This is a single-tenant building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,940,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,620,000
- 6.5%
- $5,030,000
- 7%
- $4,690,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,620,000
- Geo Method
- $4,675,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,085,000
- Retail
- $5,110,000
- Mixed-Use
- $5,720,000
- Hospitality
- $4,395,000
- Educational
- $4,915,000
- Residential Income
- $5,030,000
- Energy
- $4,650,000
- Income-Based Land
- $5,320,000
- Food Service
- $5,315,000
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2225
- Latitude
- 32.3499
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
