Property summary
This exceptional two-story office building, located at 818 S Perry St in Montgomery, Alabama, offers 9,565 square feet of versatile space ideal for executive offices or coworking. The property, classified as Class C and built in 1974, sits on a 0.51-acre lot within Montgomery's central business district (CBD), zoned O-1: Office District. The entire 9,565 square feet is currently vacant and available for lease. Flexible lease terms are available for spaces ranging from a minimum of 4,710 square feet up to the entire building. The building features convenient on-site parking for both employees and clients. The first floor encompasses approximately 4,855 square feet, while the second floor offers approximately 4,710 square feet. Its strategic location provides excellent visibility and is conveniently situated 1.2 miles from the I-85/I-65 interchange, offering easy access to major transportation routes. Furthermore, its proximity to Maxwell Air Force Base (3.2 miles), a significant employer with 25,000 active duty personnel, guards, reserves, contractors, and retirees, as well as the Air Force University with 20,000 annual attendees, presents a unique opportunity to tap into a substantial workforce pool. This property represents a compelling investment opportunity in a thriving downtown Montgomery location.
Property profile
VerifiedCap rate & NOI
Current use
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Charitable Organization Social Service Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
O-1 · Montgomery, AL42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex…
Zoning
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Zoning designation
Official district profile
42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014; Ord. No. 40-2014, § 1, 7-1-2014; Ord. No. 48-2015, § 1, 9-1-2015; Ord. No. 32-2023 , § 1, 8-1-2023) Sec. 5. - Office districts. Office Complex O-0, Office Complex…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for O-1 in Montgomery, AL.
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