1756 Carter Hill RdMontgomery, AL 36106

Property Details for 1756 Carter Hill Rd

Year built

2014

Construction

WOOD

Lot size

0.43 AC

Property size (Sq ft)

1,617 SF

Zone code

B-2

Property type

Drive through restaurants

APN

10-04-20-2-013-001.000

APU

1004202013001000

Description

This exceptional 1,617 square foot quick-service restaurant/restaurant property is available for $1,050,000. Located at 1756 Carter Hill Rd, Montgomery, AL 36106, this Class B, single-tenant building boasts a 100% occupancy rate with a franchisee tenant under a NNN lease. Built in 2014, the property sits on a 0.43-acre lot zoned B-2, offering multiple ingress and egress points for convenient access. Its prime location on the busy corner of Carter Hill Rd and Narrow Lane Rd provides excellent visibility and high traffic counts (approximately 11,121 AADT). The property benefits from its strategic placement within the Country Club Shopping Center, alongside national tenants such as Winn Dixie, Dollar Tree, and Subway. Its proximity to the Montgomery Country Club, Alabama State University (approximately 5,875 students and 760 employees in 2023), and Huntingdon College (approximately 1,100 graduate students and 58 employees in 2023) ensures a consistent customer base. Surrounded by affluent neighborhoods like Old Cloverdale, McGehee/Allendale, and Hillwood, this property presents a compelling investment opportunity in a thriving market. The property features a drive-thru for added convenience. The price per square foot is $649.35.

• CAP approach

  CAP return

  Valuation

  6%

  $307,930

  6.5%

  $284,243

  7%

  $263,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $794,838

  Geo Method

  $794,838

• Alternative Use

  Use

  Valuation

  Residential

  $239,770

  Hospitality

  $219,628

  Educational

  $182,728

  Medical

  $189,012

  Retail

  $284,243

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3582

Longitude

-86.283

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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