For Sale
$549,000

2940 South BlvdMontgomery, AL 36116

Vacant Retail Building, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
118
This 10,836 square foot, single-tenant retail building at 2940 E South Blvd in Montgomery, Alabama, is available for $549,000. Boasting a 11% cap rate and situated on a 2.64-acre lot, this Class B property features abundant parking (140 spaces), a new roof, and a pylon sign. The building, constructed in 1982, is zoned B-3: Highway Commercial and benefits from a high-traffic location. It's directly across from the Montgomery Police & Fire Station, MPACT Technical School, and LAMP Magnet School, and near Trenholm State Community College, Village Senior Living, and Magnolia Apartments. The property enjoys excellent visibility on US 231 (40,350 AADT) and benefits from high frontage traffic counts (42,474 AADT). Its proximity to Baptist Medical Center South (2.1 miles) and I-85 (3.8 miles) further enhances its appeal. The property is currently vacant, presenting a unique opportunity for owner-occupancy or lease to a new tenant. This is an exceptional investment opportunity in a high-growth area of Montgomery.

Highlights

  • Free-standing building.
  • New roof.
  • Fire sprinkler system.
  • Ample parking (140 spaces).
  • Pylon signage.
  • High-visibility location across from City of Montgomery Police & Fire Station, MPACT Technical School, LAMP Magnet School, and Trenholm State Community College - Patterson Campus.

Property Details for 2940 South Blvd

Property type
Retail properties
Square Feet
10,836 SF
Class
B
Year Built
1982
Buildings
1
Stories
1
Lot Size (sq. ft)
114,998 SF

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3263104
Longitude
-86.2474845
2940 South Blvd, Montgomery, Alabama

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2940 South Blvd
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