For Sale
$550,000

880 Plantation WayMontgomery, AL 36117

6,300 SF Warehouse, 8.6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity in Montgomery, Alabama. This 6,300 square foot industrial property, zoned M-1 for light industrial use, sits on a 0.75-acre lot at 880 Plantation Way, 36117. The property boasts dock-high and drive-in loading capabilities, a fenced yard, and ample parking. Its strategic location offers easy access to major thoroughfares, including proximity to the Eastern Bypass, approximately 0.2 miles from N Eastern Blvd/Hwy 231, approximately 1.6 miles from Atlanta Highway, and approximately 2.8 miles from I-85. A significant advantage is the presence of a long-term tenant—the largest independent provider of smart building solutions in the USA, with a global presence spanning 39 offices. The property generates a strong net operating income (NOI) of $47,230, resulting in an attractive 8.60% capitalization rate. The asking price is $550,000. This property presents a compelling investment opportunity due to its strong tenant, excellent location, and high cap rate. The building's functionality and convenient access to major transportation routes make it an ideal asset for long-term income generation and potential appreciation.

Highlights

  • Dock-high and drive-in loading.
  • Fenced yard.
  • Excellent access to Eastern Bypass and other major thoroughfares.
  • Strong, long-term tenant: leading US provider of smart building solutions with 39 global offices.
  • Ample employee and customer parking.
  • Close proximity to key roadways: ~0.2 miles from N Eastern Blvd/Hwy 231, ~1.6 miles from Atlanta Highway, ~2.8 miles from I-85.

Property Details for 880 Plantation Way

Property type
Warehouses, Industrial properties
Square Feet
6,300 SF
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.4002445
Longitude
-86.2082022
880 Plantation Way, Montgomery, Alabama

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880 Plantation Way
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