121 Coosa StMontgomery, AL 36104

Property Details for 121 Coosa St

Year built

1895

Lot size

0.20 AC

Property size (Sq ft)

8,740 SF

Zone code

T5

Property type

Office buildings

APN

11-01-12-4-401-022.502

APU

1101124401022502

Description

This exceptional mixed-use retail property at 121 Coosa Street in Montgomery County presents a unique investment opportunity. The building, totaling 26,048 square feet, is situated on a 0.33-acre lot and features a two-story design. Currently, there are two available retail spaces, each offering flexibility in size. Spaces range from a minimum of 2,288 square feet to a maximum contiguous space of 2,365 square feet, with a total of 4,653 square feet currently vacant. The property is zoned T5, allowing for a variety of commercial uses. The building's single structure provides a cohesive and easily managed space. This location offers excellent visibility and accessibility, making it ideal for businesses seeking a strong presence in a thriving Montgomery County market. The multiple tenancy structure allows for diverse business combinations, creating a vibrant and synergistic environment. This is an exceptional opportunity to secure prime retail space in a desirable location with significant potential for growth and return on investment. The property's size and zoning provide ample opportunity for customization and expansion to suit specific business needs. Don't miss this chance to establish your business in this dynamic commercial setting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,308,750

  6.5%

  $1,208,080

  7%

  $1,121,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,482,990

  Geo Method

  $1,704,820

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,500,120

  Retail / Commercial

  $1,258,230

  Mixed-Use / Specialty

  $1,234,970

  Hospitality / Lodging

  $881,615

  Institutional / Educational

  $1,277,160

  Residential Income

  $1,494,280

  Multifamily

  $1,896,230

  Automotive / Energy

  $1,094,710

  Parking / Income-Based Land

  $396,318

  Restaurant / Food Service

  $602,251

  Healthcare / Senior Housing

  $1,285,690

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3799

Longitude

-86.3101

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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