2540 Eastern Blvd Montgomery, AL 36117
Property Lookup
Property profile & analytics
2540 Eastern Blvd Montgomery, AL 36117
- Retail space
- 38,718 SF
- 13.72 lot acres
Property ID
US03-1429707
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 2540 Eastern Blvd
- Year built
- 1990
- Lot size
- 13.72 lot acres
- Property size
- 38,718 SF
- Zone code
- B-3
- Property type
- Retail space
- APN
- 10-06-23-4-007-003.000
- APU
- 1006234007003000
Description
Montgomery Promenade offers five available retail spaces ranging from 1,423 to 13,524 square feet, situated at a high-traffic intersection in Montgomery County. This strip center boasts excellent visibility and accessibility, located just 1.2 miles from I-85, ensuring high consumer traffic. The property benefits from a strong tenant mix, with nearby established retailers including Home Depot, Lowe's, Ollie's, Guitar Center, Conn's, TJ Maxx, Party City, Dollar Tree, Petco, and Harbor Freight. This prime location provides exceptional opportunities for businesses seeking high visibility and convenient access for customers. The available spaces are ideal for a variety of retail uses, offering flexibility for businesses of different sizes. The property's strategic location within a thriving retail corridor ensures a robust customer base and significant potential for growth. The multiple tenancy structure provides a diverse and vibrant shopping environment, attracting a wide range of shoppers. This is a rare opportunity to secure retail space in a high-demand area with proven success. Interested parties are encouraged to inquire for further details and availability. The property is well-maintained and ready for immediate occupancy. The spaces are adaptable and can be customized to meet specific tenant requirements. This is an exceptional investment opportunity in a rapidly growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,165,000
- 6.5%
- $6,615,000
- 7%
- $6,140,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,582,000
- AI Estimate
- $4,540,000
Market price range: $2.29M - $6.58MMarket price range: $767k - $4.54M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,755,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $8,300,000 Change: +121% Conversion: Difficult
- MEDICAL BUILDING
- $5,545,000 Change: +48% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2246
- Latitude
- 32.3471
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$51,248
$478,280
$1,999,760
$2,478,040
-
$2,391,400
$9,998,800
$12,390,200
