323 Bibb StMontgomery, AL 36104

Property Details for 323 Bibb St

Year built

1964

Lot size

0.61 AC

Property size (Sq ft)

45,836 SF

Zone code

T5

Property type

Retail properties

Property subtype

Retail space

APN

11-01-12-4-404-021.000

APU

1101124404021000

Description

This exceptional 40,859 square foot hotel property, located at 323 Bibb St. in Montgomery, Alabama, presents a unique investment opportunity. Boasting a prime location in the heart of the city's central business district, this single-tenancy property sits on a 0.16-acre lot and offers significant corner frontage on both Bibb and Molton Streets. Built in 1964, the building's history is complemented by its proximity to a new, multi-million dollar hotel development (Staybridge Hotels), indicating a thriving hospitality sector. The property's former use as a car dealership is reflected in its spacious layout, including a second-floor ramp ideally suited for showcasing vehicles, offering versatile redevelopment potential. Its strategic location is further enhanced by its proximity to major transportation arteries – just 0.86 miles from the I-85 and I-65 interchange – and its convenient distance to Maxwell Air Force Base (1.42 miles), serving a substantial population of active duty personnel, reservists, contractors, and retirees, as well as the Air Force University's 20,000 annual attendees. The property is zoned T5 and is offered at an asking price of $2,000,000. This presents a rare chance to acquire a substantial property in a rapidly developing area with high growth potential.

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3774

Longitude

-86.3122

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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