Technical
Financial
Distress signals
Property profile

511 E Edgemont Ave Montgomery, AL 36111

FOR SALE
Turn key restaurants
Property ID
US03-3081487
7,735 SF 0.27 ac lot Built 1938
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 24,000 square foot commercial land parcel presents a unique investment opportunity in Montgomery, Alabama. Located at 511 E Edgemont Ave, this property boasts a prime corner location at a signalized intersection, ensuring high visibility and accessibility. The lot measures approximately 150 feet by 160 feet, offering ample space for development. The site benefits from a high average daily traffic count of 11,887 vehicles, indicating significant potential for commercial success. Zoned B-2, the property is ideally suited for a variety of commercial uses. Its strategic location places it in close proximity to Huntingdon College, The Montgomery Country Club, and the vibrant Cloverdale Entertainment District, providing access to a diverse customer base. The former Sahara Restaurant site offers a blank canvas for entrepreneurs and developers seeking a high-traffic, well-located property in a thriving area of Montgomery. The asking price for this exceptional opportunity is $350,000. This is a rare chance to acquire a significant commercial lot in a desirable and established location. Don't miss this chance to secure a prime piece of Montgomery real estate.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1938
Total area 7,735 SF
Lot 0.27 ac (11,761 SF)
Zoning code B-2
APN 10-04-19-4-018-014.000
UPID US03-3081487

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

511 E Edgemont Ave Montgomery, AL 36111
Montgomery metro Census 1400 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2023
6 recorded transactions
2023
Price N/A
2022
Price N/A
2021
$500
2008
$204,884
2008
$500
2008
$46,000

Zoning & alternative use

B-2 · Montgomery, AL
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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