520 Court StMontgomery, AL 36104

Property Details for 520 Court St

Year built

1935

Lot size

1.59 AC

Property size (Sq ft)

16,259 SF

Zone code

T4-0

Property type

Retail properties

APN

10-03-07-2-203-006.000

APU

1003072203006000

Description

This 18,861-square-foot, single-story office building in downtown Montgomery, Alabama, is available for sale at $1,100,000. Located at 520-532 S Court St, 36104, this Class C property boasts 117 surface parking spaces accessible via four entrances and a dock-level loading area. The building, constructed in 1961, sits on a 1.67-acre lot and is zoned T4. Currently vacant, it offers immediate occupancy and can accommodate a single tenant or be divided into four separate units. Its prime location is just one block from the Federal Courthouse and the Chamber of Commerce Incubator, providing excellent visibility and accessibility. The building's features include ample parking, convenient access, and a flexible layout suitable for various business needs. This presents a unique opportunity to acquire a substantial office building in a thriving downtown area. The property is offered as a Net Net Net (NNN) lease.

• CAP approach

  CAP return

  Valuation

  6%

  $3,096,281

  6.5%

  $2,858,106

  7%

  $2,653,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,992,131

  Geo Method

  $7,992,131

• Alternative Use

  Use

  Valuation

  Residential

  $2,410,919

  Hospitality

  $2,208,389

  Educational

  $1,837,354

  Medical

  $1,900,543

  Retail

  $2,858,106

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3837

Longitude

-86.3086

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].