613 Eastern Blvd Montgomery, AL 36117-2215
- Strip malls
- 4,911 SF
- 0.52 lot acres
Current Use by Public Records
- Strip malls
Property Details for 613 Eastern Blvd
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.52 lot acres
- Property size
- 4,911 SF
- Zone code
- B-3
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 10-01-01-1-002-002.002
- APU
- 1001011002002002
Description
This exceptional retail opportunity is located at 613 N. Eastern Blvd in Montgomery, Alabama, within Montgomery County. The property boasts a total of 4,768 square feet, offering multiple tenancy options. Currently, there are two available spaces, each measuring 1,200 square feet, representing a total of 2,400 square feet of vacant space. The minimum divisible space is 1,200 square feet, and the maximum contiguous space available is also 1,200 square feet. Built in 1984, this property sits on a half-acre lot (0.5 acres). Its strategic location on Northern Blvd and near Lagoon Park provides excellent visibility and accessibility. The high traffic volume of the area is further emphasized by the reported 40,082 Average Annual Daily Traffic (AADT) on nearby Lagoon Commercial Blvd. This makes it an ideal location for businesses seeking high foot traffic and strong brand visibility. The property's multi-tenant nature offers flexibility for various retail concepts. This is a rare opportunity to secure a well-positioned retail space in a thriving Montgomery location. The property's zip code is 36117.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $530,000
- 6.5%
- $495,000
- 7%
- $560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $640,000
- Retail
- $590,000
- Mixed-Use
- $615,000
- Hospitality
- $580,000
- Educational
- $530,000
- Residential Income
- $605,000
- Energy
- $600,000
- Income-Based Land
- $590,000
- Food Service
- $620,000
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2133
- Latitude
- 32.4
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA