6200 Old Selma Rd Montgomery, AL 36108
- Retail space
- 2,629 SF
- 0.27 lot acres
Current Use by Public Records
- Retail space
Property Details for 6200 Old Selma Rd
- Year built
- 1975
- Lot size
- 0.27 lot acres
- Property size
- 2,629 SF
- Zone code
- AGR-1
- Property type
- Retail space
- APN
- 12-05-22-2-001-041.000
- APU
- 1205222001041000
Description
This exceptional 2,630-square-foot retail building, situated on an 11,656-square-foot lot, presents a compelling investment opportunity. Boasting 125 feet of road frontage on Old Selma Road, the property benefits from daily traffic counts exceeding 3,570 vehicles. Ample rear parking is available for customer convenience. Completely renovated in 2016, the building features a brand-new walk-in cooler, furniture, counters, air conditioning, and freezer. The single-tenant space currently has 2,542 square feet vacant. Its strategic location offers excellent foot traffic from nearby businesses and employees, with close proximity to major plants, small businesses, and significant traffic generators such as the Montgomery Speedway (Alabama's oldest operating racetrack), an auto towing company, and a campground. Additional advantages include its proximity to Sabic Plastic and a Hyundai plant, and its convenient location just 10 minutes from Montgomery Regional Airport and 15 minutes from Alabama State University. The property is zoned AGR-1 and features a single story building constructed in 1975. This property's high visibility and strategic location make it an ideal investment for a variety of retail businesses. The property's APN is 12 05 22 2 001 041.000 and is located in Montgomery County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $165,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $130,000
- 6.5%
- $140,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $115,000
- Retail
- $130,000
- Mixed-Use
- $145,000
- Hospitality
- $145,000
- Educational
- $115,000
- Residential Income
- $115,000
- Energy
- $110,000
- Income-Based Land
- $120,000
- Food Service
- $115,000
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.4458
- Latitude
- 32.3512
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
