For Sale
$799,000

532 Clay StMontgomery, AL 36104

Historic Montgomery Restaurant, 4,255 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a charming, historic building at 532 Clay Street in Montgomery, Alabama. The 4,255 square foot property, built in 1890, is currently 100% occupied, generating strong income streams. The ground floor houses Goat Haus Biergarten, a thriving restaurant. The second floor comprises a residential unit with a lease expiring in 2027, generating $1,600 monthly rent, and an Airbnb space averaging $1,200 monthly income. The property sits on a 0.22-acre lot and is zoned T4-R, allowing for versatile retail or restaurant uses. Its prime location in downtown Montgomery offers high visibility and proximity to major transportation, amenities, and over 1,000 hotel rooms within a short distance, including 600 within three blocks. The building's historic charm is complemented by modern conveniences, and its location is approximately 1.1 miles from the I-85/I-65 interchange and 1.7 miles from Maxwell Air Force Base, serving a substantial population of active duty personnel, contractors, and retirees. This presents a unique chance to acquire a profitable, established business with significant upside potential in a vibrant, growing city. The asking price is $799,000, translating to $187.78 per square foot.

Highlights

  • Historic 4,255 SF building in downtown Montgomery, AL.
  • 100% occupied, generating strong income.
  • Ground floor houses thriving Goat Haus Biergarten restaurant.
  • Second floor features a residential unit ($1,600/month) and Airbnb ($1,200/month avg.).
  • 0.22-acre lot, T4-R zoning allows versatile retail/restaurant uses.
  • Prime location near major transportation, amenities, and over 1,000 hotel rooms.

Property Details for 532 Clay St

Property type
Retail properties, Restaurants
Square Feet
4,255 SF
Year Built
1890
Lot Size (sq. ft)
9,583 SF

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3768034
Longitude
-86.3181359
532 Clay St, Montgomery, Alabama

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532 Clay St
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