511 E Edgemont Ave Montgomery, AL 36111
For Sale
1 / 4
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.
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, ALMontgomery. Always verify with local authorities before improvements.
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.