3445 Aronov Ave Montgomery, AL 36108
- Warehouses
- 45,648 SF
- 3.15 lot acres
Current Use by Public Records
- Warehouses
Property Details for 3445 Aronov Ave
- Year built
- 1942
- Construction
- WOOD
- Lot size
- 3.15 lot acres
- Property size
- 45,648 SF
- Zone code
- M-3
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 11-05-21-4-001-003.000
- APU
- 1105214001003000
Description
This exceptional Montgomery County investment opportunity presents a prime 1-acre industrial land parcel with a small shop, ideally suited for truck and trailer parking. The property boasts a total building area of 44,882 square feet, with 30,000 square feet currently vacant and available for lease. The existing structure is classified as Class D and was constructed in 1942. The site's strategic location offers unparalleled access to major transportation arteries. Situated just off Highway 31, it provides convenient access to Interstates 65 and 85, ensuring seamless logistics and efficient distribution. Furthermore, its proximity to Hyundai Motor Manufacturing Alabama (eight miles away) presents a significant advantage for businesses serving this major automotive manufacturer. The property is easily able to accommodate 12-15 trailers. The lease rate is $1,500 per month. This multi-tenant property offers a compelling opportunity for businesses seeking ample space and strategic location in a thriving industrial area of Montgomery County. The property is zoned for commercial and industrial use, making it suitable for a variety of businesses. The available space is ideal for truck and trailer parking, storage, or light industrial operations. This is a rare opportunity to secure a well-located industrial property with excellent access to major transportation routes and a significant manufacturing hub.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $950,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,105,000
- 6.5%
- $995,000
- 7%
- $1,035,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,145,000
- Geo Method
- $1,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,190,000
- Retail
- $1,130,000
- Mixed-Use
- $1,185,000
- Hospitality
- $1,120,000
- Educational
- $1,360,000
- Residential Income
- $1,175,000
- Energy
- $1,180,000
- Income-Based Land
- $1,080,000
- Food Service
- $1,215,000
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.3614
- Latitude
- 32.35
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
