1525 Forest AveMontgomery, AL 36106

For Sale
$1,100,000
Property records and analytics
High-yield retail property, vacant CVS, strong location.

Overview

Added:
Dec 11, 2024
Days on market:
126
This fee-simple retail property, a former CVS Pharmacy, presents a compelling value-add investment opportunity. Located at 1525 Forest Ave, Montgomery, AL 36106, this 9,589 square foot building sits on a 0.65-acre lot and boasts a prominent location directly across from Alabama State University. The single-tenant property features a drive-thru and 32 parking spaces. Built in 1996, the building has a current lease with CVS expiring November 2025, generating a net operating income (NOI) of $84,000 annually. The asking price is $1,100,000, translating to $114.71 per square foot. The property is zoned B2 and offers 150 feet of frontage. Real estate taxes are $8,531 annually. This is a triple-net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. The strong location and existing lease provide a solid foundation for future repositioning and potential rental income growth. This is a rare opportunity to acquire a well-located retail property in a growing market.

Highlights

  • Freestanding retail building, fee simple ownership.
  • CVS recently vacated, lease expires November 2025.
  • Built in 1996, drive-thru pharmacy.
  • 32 parking spaces.
  • Annual real estate taxes: $8,531.
  • B2 zoning, 150 ft frontage.

Property Details for 1525 Forest Ave

Property type
Retail properties, Drug stores
Square Feet
9,589 SF
Year Built
1996
Buildings
1
Stories
1
Lot Size (sq. ft)
28,314 SF
Units
1

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.363830689715
Longitude
-86.286377887163
1525 Forest Ave, Montgomery, Alabama

Nearby Similar for Sale

  • For Sale Call for price

    Prime Montgomery Retail Storefront

    High-traffic location, excellent visibility.

    1069 Maxwell Blvd
    Montgomery, AL
    View Details
  • For Sale
    $325,000

    Montgomery Retail & Warehouse

    Prime location, 5,928 sq ft, $325k

    2426 Spruce St
    Montgomery, AL
    View Details
  • For Sale
    $2,236,000

    Prime Montgomery Storefront

    High-yield retail investment opportunity. National tenant, strong NOI.

    960 Lagoon Business Loop
    Montgomery, AL
    View Details
  • For Sale
    $1,495,000

    Prime Montgomery Convenience Store

    Family Dollar, High Traffic, Great Lease

    1011 Perry Hill Rd
    Montgomery, AL
    View Details
  • For Sale
    $14,400,000

    Eastchase Retail Center Investment

    Montgomery, AL: Best Buy & Burlington

    7701 Eastchase Pkwy
    Montgomery, AL
    View Details
  • For Sale
    $2,300,000

    Prime Montgomery Retail Space

    Former Winn-Dixie, 51,130 SF, High Traffic

    4025 Eastern Blvd
    Montgomery, AL
    View Details

FAQs

What type of property is this?
Retail property - High-yield retail property, vacant CVS, strong location.
Where is the retail property located?
The property is located at 1525 Forest Ave Montgomery, AL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Freestanding retail building, fee simple ownership.; CVS recently vacated, lease expires November 2025.; Built in 1996, drive-thru pharmacy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Frank Caporrino
Frank Caporrino
Visit Broker Website

Learn more

Useful Information

Request information

Forest Ave
Montgomery, AL 36106

Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.

Forest Ave
Montgomery, AL 36106

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1525 Forest Ave
  • Frank Caporrino
    Frank Caporrino
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.