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645 Coliseum Blvd Montgomery, AL 36109-1240

OFF-MARKET Theaters & concert halls Google Maps
6,846 SF 2.89 ac lot Built 1960
Individually Owned 1-yr Hold Free & Clear
Estimated value (blended)
$340k
Range $306k – $374k (±10%)
Property ID US03-0900363

Property summary

AI-generated overview

This exceptional 2-story church building, situated on a generous 2.68-acre lot in Montgomery, Alabama, presents a unique opportunity for religious organizations or adaptive reuse projects. Built in 1960, the property boasts a sanctuary with seating for approximately 150 people, complemented by ample classroom space. The R-100 zoning allows for a variety of uses, making it suitable for expansion or repurposing. The building is located at 645 Coliseum Blvd, Montgomery, AL 36109, in a stable neighborhood with good visibility. The property offers on-site parking, ensuring convenient access for congregants or patrons. The asking price is $350,000, and possession is immediate. This is a rare opportunity to acquire a substantial property with significant potential in a desirable Montgomery location. The single building is well-maintained and ready for immediate occupancy. The expansive lot provides ample room for future growth or development, aligning with the property's flexible zoning designation. This property offers a blend of established functionality and significant expansion potential, making it an attractive investment for a variety of potential buyers.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1960
Construction WOOD
Total area 6,846 SF
Lot 2.89 ac (125,888 SF)
Zoning code R-100
APN 10-02-04-4-002-001.000
UPID US03-0900363

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Church

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2024
Last sale
$350,000
1 recorded transaction
2024
$350,000

Zoning & alternative use

R-100 · Montgomery, AL
Zoning description

provided parking spaces as determined by the board of adjustment. f. Off-street loading and unloading. See article VI, section 5. (Ord. No. 13-64; Ord. No. 31-73) Sec. 2. - Residential districts. Very Low Density R-125,…

General category RESIDENTIAL

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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