532 Clay StMontgomery, AL 36104

Property Details for 532 Clay St

Year built

1890

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

4,255 SF

Zone code

T4-R

Property type

Office properties

Property subtype

Office buildings

APN

11-01-12-3-006-011.001

APU

1101123006011001

Description

This exceptional investment opportunity presents a charming, historic building at 532 Clay Street in Montgomery, Alabama. The 4,255 square foot property, built in 1890, is currently 100% occupied, generating strong income streams. The ground floor houses Goat Haus Biergarten, a thriving restaurant. The second floor comprises a residential unit with a lease expiring in 2027, generating $1,600 monthly rent, and an Airbnb space averaging $1,200 monthly income. The property sits on a 0.22-acre lot and is zoned T4-R, allowing for versatile retail or restaurant uses. Its prime location in downtown Montgomery offers high visibility and proximity to major transportation, amenities, and over 1,000 hotel rooms within a short distance, including 600 within three blocks. The building's historic charm is complemented by modern conveniences, and its location is approximately 1.1 miles from the I-85/I-65 interchange and 1.7 miles from Maxwell Air Force Base, serving a substantial population of active duty personnel, contractors, and retirees. This presents a unique chance to acquire a profitable, established business with significant upside potential in a vibrant, growing city. The asking price is $799,000, translating to $187.78 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $562,243

  6.5%

  $518,993

  7%

  $481,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $721,319

  Geo Method

  $829,980

• Alternative Use

  Use

  Valuation

  Residential

  $643,552

  Hospitality

  $589,490

  Educational

  $490,449

  Medical

  $507,316

  Retail

  $762,920

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3769

Longitude

-86.3182

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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