515 Court StMontgomery, AL 36104

Property Details for 515 Court St

Year built

1921

Lot size

0.17 AC

Property size (Sq ft)

3,067 SF

Zone code

T4-R

Property type

Office buildings

APN

10-04-18-2-009-004.000

APU

1004182009004000

Description

This stunning historic building at 515 S Court Street in Montgomery, Alabama, presents a unique opportunity for businesses seeking a prestigious downtown location. Boasting 3067 square feet according to tax records, this property offers ample space ideal for a variety of uses, particularly those interacting with the nearby Montgomery County Court House, Federal Court House, and Statehouse. Its prime location just one block from the interstate provides easy access to both I-65 and I-85, ensuring excellent accessibility for clients and employees. The building itself is a testament to classic architecture, featuring beautiful original hardwood floors, high ceilings, and impressive doors. The interior layout includes two executive offices, five large offices, a welcoming reception area, and a substantial conference room, providing a professional and functional workspace. Private parking is also available, adding to the convenience and appeal of this property. The asking price of $269,900 represents exceptional value for a downtown commercial building of this size and character. The owner is open to considering all reasonable offers. This is a rare chance to acquire a piece of Montgomery's history and establish a thriving business in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $405,245

  6.5%

  $374,073

  7%

  $347,353

• Comparable approach

  Method

  Valuation

  Relative Method

  $520,176

  Geo Method

  $598,249

• Alternative Use

  Use

  Valuation

  Residential

  $463,850

  Hospitality

  $424,884

  Educational

  $353,499

  Medical

  $365,656

  Retail

  $549,887

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3714

Longitude

-86.3085

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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