1201 Ann StMontgomery, AL 36107

Property Details for 1201 Ann St

Year built

1955

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

1,398 SF

Zone code

B-4

Property type

Office buildings

APN

10-05-16-2-011-012.001

APU

1005162011012001

Description

This exceptional 1.3867-acre commercial lot, located at 1201 Ann Street in Montgomery, Alabama, presents a compelling investment opportunity. The property, with APN numbers 105162011008000, 105162011009000, 105162011010000, 105162011011000, 105162011012001, and 105162011013000, is already cleared and ready for development. Its M-1 zoning allows for a variety of commercial uses, making it suitable for retail or light industrial ventures. The location boasts excellent visibility, with significant road frontage on both Ann Street (219 feet) and Chestnut Street (409 feet). High traffic counts further enhance its appeal: ALDOT 2023 data shows 29,564 vehicles daily on Ann Street and 8,237 on Chestnut Street, with I-85 (0.5 miles away) registering 125,649 daily vehicles. This prime location in the thriving Montgomery area offers a versatile asset for investors seeking to expand their portfolio or capitalize on the city's dynamic commercial market. The asking price for this ready-to-develop lot is $750,000. The property is situated in Montgomery County, Alabama, zip code 36107.

• CAP approach

  CAP return

  Valuation

  6%

  $181,113

  6.5%

  $167,182

  7%

  $155,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $272,694

  Geo Method

  $272,694

• Alternative Use

  Use

  Valuation

  Residential

  $207,305

  Hospitality

  $189,890

  Educational

  $157,987

  Medical

  $163,420

  Retail

  $245,757

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3671

Longitude

-86.2709

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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