500 Patton Ave Montgomery, AL 36111-2404
The iconic Normandale Shopping Center in Montgomery, Alabama, is undergoing a significant revitalization. This historic retail center, located at 500 E Patton Ave, 36111, is poised for a remarkable comeback. Currently, a 17,000 square foot retail space is available for lease within this multiple-tenancy property in Montgomery County. The center's upcoming improvements include fresh paint, upgraded storefronts, enhanced parking lot conditions, and improved lighting, reflecting a substantial landlord investment. This space presents a unique opportunity for businesses seeking a high-visibility location in a revitalized shopping center. Larger spaces are also available, ranging up to 80,000 square feet, with some featuring exceptional features such as a beautiful glass dome offering abundant natural light. The 80,000 square foot space will boast a brand-new roof and glass storefront. This is an exceptional chance to secure a prominent position in one of Montgomery's most successful and historically significant retail destinations. The property is classified as Retail Space with multiple tenancies. The total building square footage is not currently specified.
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PNC ATM Atm
lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or servic…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Montgomery, ALlands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or services which may be permitted on appeal D & G D & G Classes of business or services res
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.