For Sale
$1,250,000

840 Lagoon Business LoopMontgomery, AL 36109

10,912 SF Office Building, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use commercial property, located at 840 Lagoon Business Loop in Montgomery, Alabama, presents a compelling investment opportunity. The 10,912 square foot building, constructed in 2005, sits on a 1.55-acre lot in the desirable Lagoon Business Park, boasting high visibility from a corner location. The single-story, Class B building features a well-designed layout ideal for a variety of businesses. The interior includes five private offices, a reception area with file/copy room, a large conference room, a break room, and a separate employee entrance with a bathroom and shower. The property is zoned M1, offering flexibility for various uses. The building's strong pro-forma NOI of $112,500 translates to an attractive 9.00% cap rate, based on the asking price of $1,250,000. This turnkey opportunity includes the option to acquire the existing business, offering immediate revenue potential. The property's prime location ensures easy access for clients and employees, making it an excellent choice for growth-oriented businesses seeking a strategic location in Montgomery, Alabama. This multi-tenant building offers significant potential for both owner-users and investors seeking a strong return on investment.

Highlights

  • $1,250,000 asking price for a mixed-use, office building.
  • 10,912 square foot building on a 1.55-acre lot in Montgomery, Alabama.
  • 9.00% pro-forma cap rate with a $112,500 pro-forma NOI.
  • Class B, single-story building constructed in 2005 with M1 zoning.
  • Multi-tenant building with five offices, reception area, conference room, break room, and employee entrance with bathroom and shower.

Property Details for 840 Lagoon Business Loop

Property type
Office properties, Mixed-use properties
Square Feet
10,912 SF
Class
B
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
67,518 SF

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.404604304895
Longitude
-86.216659786902
840 Lagoon Business Loop, Montgomery, Alabama

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840 Lagoon Business Loop
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