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Property profile & analytics

850 Eastern Blvd Montgomery, AL 36117-1915

  • Turn key restaurants
  • 4,934 SF
  • 1.32 lot acres
OFF-MARKET
Last Sale
Jun 18, 2024
Value Estimations
$250,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US03-2811323
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Jan's Beach House Grill / Grill Store / Seafood Restaurant
  • Burger King / Restaurant / Fast Food Restaurant

Property Details for 850 Eastern Blvd

Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.32 lot acres
Property size
4,934 SF
Zone code
B-4
Property type
Turn key restaurants
APN
10-06-13-1-009-019.000
APU
1006131009019000

Description

This vacant 3,332 square foot retail property, built in 2018, presents a unique investment opportunity in Montgomery, Alabama. Located at 850 N Eastern Blvd, in Montgomery County, zip code 36117 (32.4061842, -86.2140828), this former Burger King restaurant is ideally suited for a quick-service restaurant or fast-food operation. The asking price is $1,675,000, translating to $502.70 per square foot. The property is currently vacant, offering immediate occupancy for a new tenant. Its strategic location within a high-traffic area ensures excellent visibility and accessibility for customers. The building's 2018 construction ensures modern amenities and minimal deferred maintenance, reducing upfront capital expenditures for the new owner. This turnkey opportunity allows for a swift transition into operation, minimizing downtime and maximizing return on investment. The property's size and layout are well-suited for a variety of QSR concepts, making it an attractive option for both established and emerging brands. This is a rare chance to acquire a well-positioned, ready-to-occupy commercial property in a thriving Alabama market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $260,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $243,000
    Market price range: $243k - $779k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Montgomery
County
Montgomery
State
Alabama
Longitude
-86.2116
Latitude
32.3683
CBSA code
33860
CBSA name
MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,470
$92,080
$61,440
$153,520
-
$460,400
$307,200
$767,600
More about this property
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