3391 Atlanta HwyMontgomery, AL 36109

Property Details for 3391 Atlanta Hwy

Year built

1950

Lot size

0.53 AC

Property size (Sq ft)

6,918 SF

Zone code

B-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

10-02-09-1-002-039.000

APU

1002091002039000

Description

The Holliday Center, a 6,777 square foot retail strip center in Montgomery, Alabama, presents a compelling investment opportunity. Located at 3391 Atlanta Highway, this property boasts a prime location at the corner of Atlanta Highway and Holliday Drive, benefiting from high visibility and accessibility. The center features 16 total parking spaces and sits on a 0.51-acre lot, zoned B-2. Currently, there are four available spaces ranging from 1,300 to 1,546 square feet, totaling 1,378 square feet of vacant space. The center is strategically positioned within established residential communities like Forest Hills, Dalraida, and Morningview, ensuring a consistent customer base. Its proximity to major retailers such as AutoZone, Advanced Auto Parts, CVS, and McDonald's further enhances its appeal. The high traffic volume on Atlanta Highway, averaging approximately 29,000 vehicles daily (AADT), provides significant exposure. Furthermore, its convenient location is approximately 2 miles from Interstate 85 and within a 2-mile radius of Maxwell Air Force Base Gunter Annex and approximately 2.2 miles from Downtown Montgomery. This property offers a unique blend of location, accessibility, and established surrounding businesses, making it an ideal investment for retail businesses seeking a thriving market in Montgomery, Alabama. The property's zip code is 36109.

• CAP approach

  CAP return

  Valuation

  6%

  $1,317,416

  6.5%

  $1,216,076

  7%

  $1,129,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,400,551

  Geo Method

  $3,400,551

• Alternative Use

  Use

  Valuation

  Residential

  $1,025,806

  Hospitality

  $939,632

  Educational

  $781,763

  Medical

  $808,649

  Retail

  $1,216,076

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3853

Longitude

-86.2596

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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