Property summary
This 5,466 square foot office building, located at 2567 Bell Road in Montgomery, Alabama (zip code 36117), presents a compelling value-add investment opportunity. Built in 2000, the property sits on a 0.46-acre lot and is zoned O-1. Currently, the building boasts 66% occupancy with two existing tenants, leaving one unit vacant. The asking price is $499,000, translating to $91.29 per square foot. The building's three units are suitable for both medical and traditional office uses. Its strategic location offers convenient access to major thoroughfares, including Atlanta Highway, Vaughn Road, and US 231 South, ensuring high visibility and accessibility for tenants. This owner-user opportunity allows for potential rental income generation alongside the benefit of occupying a portion of the space. The property's existing infrastructure and tenant base provide a solid foundation for future growth and increased profitability. The building's age and current occupancy rate offer significant potential for value enhancement through renovations or lease adjustments. This is an excellent chance to acquire a well-situated, income-producing property in a growing market.
Property profile
VerifiedCap rate & NOI
Current use
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Weight Loss Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
O-1 · Montgomery, AL42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for O-1 in Montgomery, AL.
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