100 Dexter AveMontgomery, AL 36104

Property Details for 100 Dexter Ave

Year built

1870

Lot size

0.07 AC

Property size (Sq ft)

12,815 SF

Zone code

T5

Property type

Apartment buildings

APN

10-03-07-3-303-017.000

APU

1003073303017000

Description

This exceptional 5,000 square foot retail space is located in the heart of downtown Montgomery, offering unparalleled visibility and accessibility. Situated on lower Dexter Avenue, this single-tenant property boasts a high-profile storefront ideal for a variety of businesses. Recently renovated in 2024, the Class C building presents a blank canvas for an approved tenant, with the owner offering build-to-suit options to perfectly match your business needs. The property's prime location offers easy access to key attractions, including the Montgomery Convention Center, MPAC, the Equal Justice Initiative (EJI) museum, Prime Riverfront Park, numerous hotels, restaurants, and other retail establishments. This vibrant area benefits from a strong workforce, with approximately 35,826 employees in the downtown Montgomery central business district, and a significant student population, including approximately 4,000 students enrolled at Troy University Montgomery, all within a four-block radius. Furthermore, the property enjoys convenient proximity to major transportation arteries, being just 1.5 miles from the I-85/I-65 interchange and 2.0 miles from Maxwell Air Force Base, serving a substantial population of active duty personnel, contractors, and retirees, as well as over 20,000 annual Air Force University attendees. The mixed-use potential allows for creative adaptations, such as incorporating residential condos or lofts, further enhancing the property's value and appeal. This is a truly unique opportunity to establish a thriving business in a dynamic and rapidly growing urban core.

• CAP approach

  CAP return

  Valuation

  6%

  $2,099,548

  6.5%

  $1,938,044

  7%

  $1,799,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,370,558

  Geo Method

  $3,874,526

• Alternative Use

  Use

  Valuation

  Residential

  $1,938,044

  Hospitality

  $1,775,238

  Educational

  $1,476,977

  Medical

  $1,527,772

  Retail

  $2,297,520

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3771

Longitude

-86.3073

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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