3441 Malcolm DrMontgomery, AL 36116

Property Details for 3441 Malcolm Dr

Year built

2007

Lot size

2.07 AC

Property size (Sq ft)

18,895 SF

Zone code

PUD

Property type

Retail properties

Property subtype

Strip malls

APN

09-09-29-3-000-001.004

APU

909293000001004

Description

Billingsley Promenade offers a prime retail opportunity in a high-growth area of East Montgomery, Alabama. This Class B shopping center, built in 2008, totals 18,200 square feet and sits on a 2.07-acre lot at 3441 Malcolm Dr, Montgomery, AL 36116, conveniently located off Taylor Road near Averiett Drive and just two miles from Interstate 85. The property features a single building with 119 parking spaces and is zoned PUD. Currently, 3,443 square feet of retail space is available, divisible into 1,382 and 2,061 square foot units if needed. This location boasts excellent visibility and accessibility, benefiting from a strong demographic profile. Within a three-mile radius, there are 46,563 residents with an average household income exceeding $80,000, and a projected 5-year growth rate of 10.77%. Recent additions of new elementary and high schools further support the area's growth potential. This is an exceptional opportunity for businesses seeking a well-established location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $3,598,122

  6.5%

  $3,321,344

  7%

  $3,084,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,287,860

  Geo Method

  $9,287,860

• Alternative Use

  Use

  Valuation

  Residential

  $2,801,678

  Hospitality

  $2,566,322

  Educational

  $2,135,150

  Medical

  $2,208,581

  Retail

  $3,321,344

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3326

Longitude

-86.18

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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