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    3441 Malcolm Dr Montgomery, AL 36116

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    3441 Malcolm Dr Montgomery, AL 36116


    • Strip malls
    • 18,895 SF
    • 2.07 lot acres
    East Montgomery Retail Space Available For Lease
    $1,700,000
    2,691 SF

    East Montgomery Retail Space Available

    Well-maintained retail space in a high-growth East Montgomery area.

    3441 Malcolm Dr, Montgomery, AL 36116
    View Listing
    Property ID
    US03-0326447
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tipico De Mexico / Restaurant

    Property Details for 3441 Malcolm Dr

    Year built
    2007
    Lot size
    2.07 lot acres
    Property size
    18,895 SF
    Zone code
    PUD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    09-09-29-3-000-001.004
    APU
    909293000001004

    Description

    Billingsley Promenade offers a prime retail opportunity in a high-growth area of East Montgomery, Alabama. This Class B shopping center, built in 2008, totals 18,200 square feet and sits on a 2.07-acre lot at 3441 Malcolm Dr, Montgomery, AL 36116, conveniently located off Taylor Road near Averiett Drive and just two miles from Interstate 85. The property features a single building with 119 parking spaces and is zoned PUD. Currently, 3,443 square feet of retail space is available, divisible into 1,382 and 2,061 square foot units if needed. This location boasts excellent visibility and accessibility, benefiting from a strong demographic profile. Within a three-mile radius, there are 46,563 residents with an average household income exceeding $80,000, and a projected 5-year growth rate of 10.77%. Recent additions of new elementary and high schools further support the area's growth potential. This is an exceptional opportunity for businesses seeking a well-established location in a thriving community.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,290,000
      Market price range: $618k - $2.29M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,465,000
      Current use
      MEDICAL BUILDING
      $2,585,000
      Change: +77% Conversion: Difficult
      RETAIL STORES
      $1,850,000
      Change: +27% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,450,000
      Change: -1% Conversion: Easy
      OFFICE BUILDING
      $1,235,000
      Change: -16% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.18
    Latitude
    32.3326
    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
    $29,194
    $144,460
    $403,800
    $548,260
    -
    $722,300
    $2,019,000
    $2,741,300
    View Listing
    More about this property
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