850 Eastern BlvdMontgomery, AL 36117

Property Details for 850 Eastern Blvd

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.32 AC

Property size (Sq ft)

4,934 SF

Zone code

B-4

Property type

Turn key restaurants

APN

10-06-13-1-009-019.000

APU

1006131009019000

Description

This vacant 3,332 square foot retail property, built in 2018, presents a unique investment opportunity in Montgomery, Alabama. Located at 850 N Eastern Blvd, in Montgomery County, zip code 36117 (32.4061842, -86.2140828), this former Burger King restaurant is ideally suited for a quick-service restaurant or fast-food operation. The asking price is $1,675,000, translating to $502.70 per square foot. The property is currently vacant, offering immediate occupancy for a new tenant. Its strategic location within a high-traffic area ensures excellent visibility and accessibility for customers. The building's 2018 construction ensures modern amenities and minimal deferred maintenance, reducing upfront capital expenditures for the new owner. This turnkey opportunity allows for a swift transition into operation, minimizing downtime and maximizing return on investment. The property's size and layout are well-suited for a variety of QSR concepts, making it an attractive option for both established and emerging brands. This is a rare chance to acquire a well-positioned, ready-to-occupy commercial property in a thriving Alabama market.

• CAP approach

  CAP return

  Valuation

  6%

  $939,583

  6.5%

  $867,307

  7%

  $805,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,425,314

  Geo Method

  $2,425,314

• Alternative Use

  Use

  Valuation

  Residential

  $731,606

  Hospitality

  $670,147

  Educational

  $557,554

  Medical

  $576,730

  Retail

  $867,307

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3683

Longitude

-86.2116

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].