150 Fleming RdMontgomery, AL 36105

Property Details for 150 Fleming Rd

Year built

2003

Lot size

6.00 AC

Property size (Sq ft)

34,846 SF

Zone code

M-1

Property type

Theaters & concert halls

APN

10-09-31-3-001-001.003

APU

1009313001001003

Description

This exceptional 34,588-square-foot special purpose property, built in 2003, presents a unique investment opportunity in Montgomery, Alabama. Located on a generous 15-acre lot at 150 E Fleming Rd, 36105, near the intersection of E Fleming Road and Norman Bridge Road, this former church offers immense potential for adaptive reuse. The asking price is $1,750,000, translating to $50.60 per square foot. The property consists of a single building and includes existing furniture, fixtures, and equipment. This comprehensive inventory encompasses chairs, audio systems, and daycare furniture, offering a significant head start for prospective buyers. The property's size and location make it suitable for a variety of uses, including but not limited to: a church, school, call center, entertainment venue, or governmental office. Its substantial square footage and expansive acreage provide ample space for diverse operational needs and future expansion. This is a rare opportunity to acquire a substantial property in a desirable Montgomery location. The property's versatility and existing infrastructure make it an attractive proposition for a wide range of potential buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,573,000

  6.5%

  $2,375,070

  7%

  $2,205,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,478,720

  Geo Method

  $5,165,770

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,688,880

  Retail / Commercial

  $4,891,850

  Mixed-Use / Specialty

  $4,814,070

  Hospitality / Lodging

  $3,453,380

  Office

  $4,722,630

  Institutional / Educational

  $4,983,130

  Residential Income

  $5,830,260

  Multifamily

  $7,326,980

  Automotive / Energy

  $4,271,260

  Parking / Income-Based Land

  $1,533,570

  Restaurant / Food Service

  $2,375,070

  Healthcare / Senior Housing

  $4,998,610

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3219

Longitude

-86.3026

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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