Technical
Financial
Distress signals
Property profile

3150 Watchman Dr Montgomery, AL 36116

OFF-MARKET
Turn key restaurants
Property ID
US03-0289437
3,757 SF 0.39 ac lot Built 1990
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,670-square-foot restaurant space is available for purchase at $399,000. Located at 3150 Watchman Drive in Montgomery, Alabama (zip code 36116), this single-unit, Class C retail property sits on a 0.39-acre lot. Built in 1990, the one-story building is currently vacant and offers ample parking for both employees and customers. The property is zoned O-1 & B-4, making it suitable for a variety of restaurant or similar uses. Its convenient location in desirable East Montgomery offers excellent visibility and accessibility. The property enjoys proximity to key areas, including Vaughn Road and Bell Road, The Shoppes at Eastchase (approximately 2.6 miles), Interstate 85 (approximately 2.7 miles), and Auburn University at Montgomery (AUM) (approximately 2.7 miles). The property's location also provides easy access to downtown Montgomery (approximately 8.3 miles). This is a fantastic opportunity to acquire a well-situated restaurant property in a thriving area of Montgomery. The lease type is NNN, and the property features one building with a total of 3,670 square feet. The APN is 09 09 30 4 000 002.003. This is a turn-key opportunity for an owner-operator or investor seeking a prime location in a high-traffic area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1990
Total area 3,757 SF
Lot 0.39 ac (17,163 SF)
Zoning code PGH-40
APN 09-09-30-4-000-002.003
UPID US03-0289437

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

3150 Watchman Dr Montgomery, AL 36116-1399
Montgomery metro Census 5609 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PGH-40 · Montgomery, AL
Zoning description

r individual projects, including the amount of land to be reserved for common open space and/or recreational uses. These determinations shall be completely documented and justified. [PUD Planned Unit Development PGH-35,…

General category RESIDENTIAL

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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