565 Eastern Blvd Montgomery, AL 36117
- Warehouses
- 16,807 SF
- 0.86 lot acres
Current Use by Public Records
- ATM (Kwik Shop) / Atm
- Andrew Jackson Lodge #173 / Fraternal Organization
- Kwik Shop / Convenience Store
- Scottish Rite Temple / Fraternal Organization
Property Details for 565 Eastern Blvd
- Year built
- 1979
- Lot size
- 0.86 lot acres
- Property size
- 16,807 SF
- Zone code
- INST
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 10-06-13-1-001-008.001
- APU
- 1006131001008001
Description
This exceptional commercial property, located at 565 Eastern Blvd in Montgomery, Alabama, presents a compelling investment opportunity. The 16,800 square foot retail building sits on a 0.86-acre lot and boasts a desirable location within a thriving retail corridor, experiencing high traffic counts of approximately 57,356 AADT on Eastern Blvd. Built in 1979, the property is zoned INST and offers ample parking, ensuring convenient access for customers and employees. Its strategic placement near major thoroughfares provides easy access to I-85 (0.6 miles) and I-65 (1.7 miles), maximizing visibility and accessibility. The surrounding area is densely populated, with numerous established apartment complexes (Turtle Place, The Mark, Eastdale Apartments) and car dealerships (Capital Chevrolet, Audi, BMW, Rineheart Toyota) nearby. Furthermore, the property benefits from its proximity to a wide array of retail establishments within a one-mile radius, including Sam's Club, Big Lots, and the Eastdale Mall, which houses national tenants such as JC Penney, At Home, Belk's, Dillard's, Chuck E. Cheese's, and Lens Crafters. The property's proximity to Maxwell Air Force Base and its associated personnel (25,000 active duty, guard, reserves, contractors, and retirees, plus 20,000 annual Air Force University attendees) further enhances its investment potential. Currently vacant, this property offers a significant opportunity for immediate development or lease, with a 10% cap rate and an asking price of $1,100,000. The property is offered as a Net Net lease.
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
- -86.2074
- Latitude
- 32.3712
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
