501 Mildred St Montgomery, AL 36104-3924
- Retail space
- 5,066 SF
- 0.46 lot acres
Dec 05, 2023
Current Use by Public Records
- Retail space
Property Details for 501 Mildred St
- Year built
- 1968
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.46 lot acres
- Property size
- 5,066 SF
- Zone code
- T4-0
- Property type
- Retail space
- APN
- 11-06-13-2-012-001.000
- APU
- 1106132012001000
Description
This exceptional 5,040-square-foot warehouse, situated on a 0.46-acre lot in downtown Montgomery, Alabama, presents a compelling investment opportunity. Built in 1968, the property boasts modern electric and plumbing systems, adding to its functionality and appeal. The warehouse currently serves as excellent dry storage space, enhanced by features including two restrooms and a secure loading dock. Its strategic location offers easy access to Interstates 85 and 65, placing it within convenient reach of major transportation arteries. The property's proximity to several large-scale investment projects and a revitalizing neighborhood underscores its significant growth potential. The asking price is $175,000, translating to $34.72 per square foot. This property is located at 501 Mildred St, Montgomery, AL 36104 and is designated as an Opportunity Zone, presenting additional tax advantages for qualified investors. Ideal for various uses, including retail, shop space, parking, or storage, this warehouse offers a rare blend of functionality, location, and investment potential in a rapidly developing area. The property's size and features make it suitable for a wide range of businesses seeking a well-maintained and strategically located space in the heart of Montgomery.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.3173
- Latitude
- 32.3706
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
