For Sale
$1,800,000

100 Mendel PkwyMontgomery, AL 36117

15-Unit Strip Center, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 17,516-square-foot retail strip center, located at 100 Mendel Parkway in Montgomery, Alabama, presents a compelling investment opportunity. The property, built in 1989, features fifteen units within a single-story building, currently boasting an 87% occupancy rate. This translates to only two vacant units within this thriving shopping center. The center is zoned B-3 (Highway Commercial), ensuring flexibility and high potential for future growth. Ample parking is provided with 70 spaces, and the property benefits from significant visibility due to its 365-foot frontage on Mendel Parkway. The strategic location is further underscored by an impressive 2022 Alabama Department of Transportation traffic count of 42,657 vehicles daily. The landscaping includes Holly Bushes and Crape Myrtles. The asking price is $1,800,000, representing a price per square foot of $102.76. The property's parcel number is 09 03 07 3 000 037.002. Detailed financial information is available upon request. This well-maintained property offers a strong return on investment with its high occupancy rate and prime location. The property's success is a testament to its desirability and potential for continued growth within the Montgomery market.

Highlights

  • 17,516 SF retail strip center in Montgomery, AL with 87% occupancy (only 2 vacancies).
  • 70 parking spaces and 365 feet of frontage on Mendel Parkway.
  • 2022 ALDOT traffic count: 42,657 vehicles daily.
  • Asking price: $1,800,000 ($102.76/SF).

Property Details for 100 Mendel Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
17,516 SF
Year Built
1989
Buildings
1
Stories
1
Units
15

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.380741274631
Longitude
-86.202276141134
100 Mendel Pkwy, Montgomery, Alabama

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100 Mendel Pkwy
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