243 Catoma St Montgomery, AL 36104

This exceptional Montgomery, Alabama investment opportunity presents a 68,000 square foot mixed-use property at 243 Catoma St, situated on a 6.89-acre lot. The building, originally constructed in 1928 and extensively renovated in 2019, boasts a blend of historic charm and modern functionality. Currently 95% occupied with tenants including Advanced Auto Parts, D-Riven Engineer, and Hometime Furniture, the property generates a strong NOI of $203,792, representing a 7.41% cap rate. The asking price is $2,750,000 ($40.44/SF). The property features seven loading docks, two dock-high doors, and ample parking. Benefiting from a T-2 Smart Code zoning designation, the building offers significant flexibility for future uses. The property includes a new roof and windows installed in September 2019, providing abundant natural light. A sprinkler system is in place, and the building enjoys frontage on three streets: Catoma, Bibb, and Wilkinson Streets. This prime location within Montgomery's Central Business District (CBD) and its designation as an Opportunity Zone further enhance its investment appeal. Adjacent land is also available for potential expansion. The gross lease structure simplifies management. This is a multi-tenant property offering a compelling return on investment.