729 Madison AveMontgomery, AL 36104

Property Details for 729 Madison Ave

Year built

1970

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

1,848 SF

Zone code

T4-0

Property type

Office buildings

APN

10-03-07-4-005-010.000

APU

1003074005010000

Description

This 1,628 square foot storefront, located at 729 Madison Ave in Montgomery, Alabama, presents a unique investment opportunity. The Class C building, constructed in 1970, sits on a 0.2-acre lot (APN: 1003074005010.000) and features two stories. Priced at $175,000 ($107.49/sq ft), this single-tenancy property boasts a highly desirable location in the heart of downtown Montgomery. Its proximity to key attractions such as Cramton Bowl and Paterson Field, the State Capitol, and the vibrant Commerce Street entertainment district ensures high visibility and foot traffic. The property's previous use as a bail bonds location offers versatile potential for a variety of retail businesses. The building's solid structure and central location make it an attractive option for entrepreneurs seeking a well-positioned space in a thriving urban environment. This is a chance to acquire a well-situated retail property in a dynamic and growing area of Montgomery, Alabama. The zip code is 36104.

• CAP approach

  CAP return

  Valuation

  6%

  $239,403

  6.5%

  $220,988

  7%

  $205,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $360,471

  Geo Method

  $360,471

• Alternative Use

  Use

  Valuation

  Residential

  $274,025

  Hospitality

  $251,005

  Educational

  $208,833

  Medical

  $216,015

  Retail

  $324,852

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3805

Longitude

-86.299

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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