Technical
Financial
Distress signals
Property profile

850 Eastern Blvd Montgomery, AL 36117

OFF-MARKET
Turn key restaurants
Property ID
US03-2811323
4,934 SF 1.32 ac lot Built 1979
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,934 SF
Lot 1.32 ac (57,543 SF)
Zoning code B-4
APN 10-06-13-1-009-019.000
UPID US03-2811323

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
  • Restaurant
  • Restaurant

Location

850 Eastern Blvd Montgomery, AL 36117-1915
Montgomery metro Census 2700 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
6 recorded transactions
2024
$845,000
2024
Price N/A
2018
$594,000
2018
$338,000
2018
$362,500
2014
Price N/A

Zoning & alternative use

B-4 · Montgomery, AL
Zoning description

or of a tenant space in a multi-tenant building, to any residential or PUD residential district line. Facilities operating prior to the adoption of this ordinance shall be considered legal non-conforming. Local Shopping…

General category COMMERCIAL

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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