2540 Eastern BlvdMontgomery, AL 36117

Property Details for 2540 Eastern Blvd

Year built

1990

Lot size

13.72 AC

Property size (Sq ft)

38,718 SF

Zone code

B-3

Property type

Retail space

APN

10-06-23-4-007-003.000

APU

1006234007003000

Description

Montgomery Promenade offers five available retail spaces ranging from 1,423 to 13,524 square feet, situated at a high-traffic intersection in Montgomery County. This strip center boasts excellent visibility and accessibility, located just 1.2 miles from I-85, ensuring high consumer traffic. The property benefits from a strong tenant mix, with nearby established retailers including Home Depot, Lowe's, Ollie's, Guitar Center, Conn's, TJ Maxx, Party City, Dollar Tree, Petco, and Harbor Freight. This prime location provides exceptional opportunities for businesses seeking high visibility and convenient access for customers. The available spaces are ideal for a variety of retail uses, offering flexibility for businesses of different sizes. The property's strategic location within a thriving retail corridor ensures a robust customer base and significant potential for growth. The multiple tenancy structure provides a diverse and vibrant shopping environment, attracting a wide range of shoppers. This is a rare opportunity to secure retail space in a high-demand area with proven success. Interested parties are encouraged to inquire for further details and availability. The property is well-maintained and ready for immediate occupancy. The spaces are adaptable and can be customized to meet specific tenant requirements. This is an exceptional investment opportunity in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $7,373,063

  6.5%

  $6,805,904

  7%

  $6,319,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,031,880

  Geo Method

  $19,031,880

• Alternative Use

  Use

  Valuation

  Residential

  $5,741,035

  Hospitality

  $5,258,757

  Educational

  $4,375,224

  Medical

  $4,525,695

  Retail

  $6,805,904

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3471

Longitude

-86.2246

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].