For Sale
$2,540,000

1680 Montgomery HwyVestavia Hills, AL 35216

8,614 SF Medical Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 8,614-square-foot medical office building is located at 1680 Montgomery Highway in Vestavia Hills, Alabama, 35216. The property offers a fee-simple ownership opportunity with a current asking price of $2,540,000, representing a price per square foot of $294.87. Currently operating at 100% occupancy, the building boasts a strong pro-forma net operating income (NOI) of $130,311, yielding a pro-forma capitalization rate of 5.13%. Its prime location at the corner of Patton Chapel Road and Highway 31 in the heart of Hoover's "Main and Main" area provides exceptional visibility to over 36,000 vehicles daily. The property benefits from its proximity to major transportation arteries, including I-65 and I-459, as well as nearby amenities such as the Riverchase Galleria shopping mall and the Hoover Public Library. The well-lit corner location ensures high visibility from Highway 31. The surrounding area is characterized by a dense residential and daytime population, creating a strong base of potential patients and clients. This presents a compelling investment opportunity in a thriving medical market.

Highlights

  • High-traffic corner location in Hoover's "Main and Main" at Patton Chapel Road and Highway 31, seeing over 36,000 vehicles daily.
  • Excellent access to I-65, I-459, Riverchase Galleria, and Hoover Public Library (under 1 minute).
  • Highly visible corner lot with excellent street visibility from Highway 31.
  • Strong surrounding residential and daytime population density.

Property Details for 1680 Montgomery Hwy

Property type
Office properties, Medical offices
Square Feet
8,614 SF

Location Insight

City
Vestavia Hills
County
Jefferson
State
Alabama
Latitude
33.3909988
Longitude
-86.807009
1680 Montgomery Hwy, Vestavia Hills, Alabama

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1680 Montgomery Hwy
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