511 Edgemont AveMontgomery, AL 36111

Property Details for 511 Edgemont Ave

Year built

1938

Lot size

0.27 AC

Property size (Sq ft)

7,735 SF

Zone code

B-2

Property type

Turn key restaurants

APN

10-04-19-4-018-014.000

APU

1004194018014000

Description

This exceptional 24,000 square foot commercial land parcel presents a unique investment opportunity in Montgomery, Alabama. Located at 511 E Edgemont Ave, this property boasts a prime corner location at a signalized intersection, ensuring high visibility and accessibility. The lot measures approximately 150 feet by 160 feet, offering ample space for development. The site benefits from a high average daily traffic count of 11,887 vehicles, indicating significant potential for commercial success. Zoned B-2, the property is ideally suited for a variety of commercial uses. Its strategic location places it in close proximity to Huntingdon College, The Montgomery Country Club, and the vibrant Cloverdale Entertainment District, providing access to a diverse customer base. The former Sahara Restaurant site offers a blank canvas for entrepreneurs and developers seeking a high-traffic, well-located property in a thriving area of Montgomery. The asking price for this exceptional opportunity is $350,000. This is a rare chance to acquire a significant commercial lot in a desirable and established location. Don't miss this chance to secure a prime piece of Montgomery real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $1,472,730

  6.5%

  $1,359,443

  7%

  $1,262,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,302,689

  Geo Method

  $3,802,148

• Alternative Use

  Use

  Valuation

  Residential

  $1,146,741

  Hospitality

  $1,050,409

  Educational

  $873,928

  Medical

  $903,983

  Retail

  $1,359,443

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3448

Longitude

-86.2991

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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