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Property profile & analytics
FOR LEASE
Retail space

2540 Eastern Blvd Montgomery, AL 36117

38,718 SF 13.72 ac lot Built 1990
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US03-1429707
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Total area 38,718 SF
Lot 13.72 ac (597,817 SF)
Zoning code B-3
APN 10-06-23-4-007-003.000
UPID US03-1429707
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.62M
Comparable Approach Comparable
$6.58M
Blend (final) Blend
$5.91M
Owner & transaction history
Rfp Promgomery Holdings LLC · 5 yrs held
Rfp Promgomery Holdings LLC
since 2020
3 recorded transactions
2020
$8.8M
2010
Price N/A
2007
Price N/A
Zoning & alternative use
B-3 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $8.3M +121.2%
Medical building $5.5M +47.8%
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