500 Patton Ave Montgomery, AL 36111-2404
- Strip malls
- 13,112 SF
- 13.11 lot acres
Current Use by Public Records
- PNC ATM / Atm
Property Details for 500 Patton Ave
- Year built
- 1954
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 13.11 lot acres
- Property size
- 13,112 SF
- Zone code
- B-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 10-09-30-4-013-001.002
- APU
- 1009304013001002
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,020,000
- 6.5%
- $2,075,000
- 7%
- $2,025,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,715,000
- Geo Method
- $2,210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,775,000
- Retail
- $1,745,000
- Mixed-Use
- $2,250,000
- Hospitality
- $1,730,000
- Educational
- $1,675,000
- Residential Income
- $2,015,000
- Energy
- $2,060,000
- Income-Based Land
- $1,690,000
- Food Service
- $2,215,000
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2974
- Latitude
- 32.3331
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
