1807 3Rd StMontgomery, AL 36106

  • Retail space
  • 1,276 SF
For Sale
$114,900 View listing

Property Details for 1807 3Rd St

Year built
1930
Lot size
0.17 AC
Property size (Sq ft)
1,276 SF
Zone code
R-60-S
Property type
Retail space
APN
10-04-17-3-010-009.000
APU
1004173010009000

Description

This 114,900 dollar commercial property located at 1807 W 3rd Street in Montgomery, Alabama presents a fantastic opportunity for entrepreneurs and business owners. The building boasts a flexible layout, previously utilized as a beauty salon, making it adaptable to a wide range of commercial ventures. Upon entry, a welcoming reception or waiting area sets the tone. Beyond this space, three generously sized rooms offer ample room for operations. One room features a unique advantage: custom-designed styling stations with built-in cabinetry, a testament to thoughtful previous improvements. The property has undergone significant upgrades to both the plumbing and electrical systems, ensuring modern functionality and efficiency for any new business. These upgrades were implemented to meet the demands of the previous tenant. The building sits on a lot with zero acres. The square footage is not specified. The property's versatility, coupled with its recent enhancements, makes it an exceptional investment opportunity in a thriving Montgomery location. Schedule a viewing to explore the potential of this adaptable commercial space and envision your business thriving within its walls.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $242,993
    6.5%
    $224,301
    7%
    $208,279
  • Comparable approach

    Method
    Valuation
    Relative Method
    $627,219
    Geo Method
    $627,219
  • Alternative Use

    Use
    Valuation
    Residential
    $189,206
    Hospitality
    $173,312
    Educational
    $144,193
    Medical
    $149,152
    Retail
    $224,301
1807 3Rd St, Montgomery, Alabama

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3639
Longitude
-86.2841
CBSA code
33860
CBSA name
MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$832
$6,000
$11,040
$17,040
-
$30,000
$55,200
$85,200

FAQs

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