2964 Birmingham HwyMontgomery, AL 36108

Property Details for 2964 Birmingham Hwy

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.30 AC

Property size (Sq ft)

5,127 SF

Zone code

M-1

Property type

Industrial properties

Property subtype

Other warehouses

APN

11-05-16-2-001-012.000

APU

1105162001012000

Description

This exceptional investment opportunity presents the Evans Activity Center, a vibrant 14,000 square foot entertainment and gathering venue situated on a 5.7-acre lot in Montgomery, Alabama (2964 - 2950 Birmingham Highway, 36108). The property, encompassing two buildings, underwent renovations in 2018, resulting in three ballrooms and two outdoor pavilions. Currently operating as a successful business with weekend bookings often extending months or even years in advance, the Evans Activity Center offers significant upside potential for increased usage and lease income. The property includes five units and three keys. The current asking price is $1,200,000, representing a price per square foot of $85.71, with a strong 8.37% cap rate and a NOI of $100,381. The property is classified as Class C, with a Hospitality, Mixed Use, and Special Purpose designation. While currently not utilizing its liquor license for on-site alcohol sales, this presents an additional avenue for revenue generation. The minimal operating expenses and efficient staffing model contribute to the property's high profitability. The current owner's retirement plans present a unique opportunity for a buyer to capitalize on the existing success and further expand the business's potential. This is a value-add investment opportunity within the Entertainment/Gathering Venue sub-sector.

• Alternative Use

  Use

  Valuation

  Residential

  $775,819

  Hospitality

  $710,646

  Educational

  $591,249

  Medical

  $611,583

  Retail

  $919,720

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3654

Longitude

-86.3696

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].