3305 Malcolm DrMontgomery, AL 36116

Property Details for 3305 Malcolm Dr

Year built

2007

Construction

WOOD

Lot size

0.76 AC

Property size (Sq ft)

7,716 SF

Zone code

PUD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

09-09-29-3-000-001.007

APU

909293000001007

Description

This ±7,575 square foot single-tenant building presents a fantastic opportunity for retail or office use in desirable East Montgomery. Constructed in 2007, this Class B property boasts a spacious layout within a single-story structure situated on a 0.76-acre lot. The building is zoned PUD and offers excellent visibility and accessibility. Its location along Taylor Road, a high-traffic area with approximately 26,496 AADT, ensures significant exposure to potential customers. The property benefits from its proximity to established retail centers, including the Cornerstone Shopping Center, home to national tenants such as Publix, Planet Fitness, Starbucks, and Newk's. This strategic location provides convenient access to a substantial customer base and ample amenities. Furthermore, its convenient location is approximately 2.3 miles from Interstate 65 and 2.3 miles from The Shoppes at Eastchase, offering easy commutes and access to a wider regional market. The property's proximity to Auburn University Montgomery (approximately 2.8 miles) also presents unique opportunities for businesses targeting a student or university-related clientele. This versatile space is ready for immediate occupancy, offering a blank canvas for a variety of businesses seeking a prime location in a thriving commercial area of Montgomery County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,198,320

  6.5%

  $1,106,140

  7%

  $1,027,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,565,290

  Geo Method

  $1,565,290

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,217,840

  Mixed-Use / Specialty

  $1,077,650

  Hospitality / Lodging

  $758,679

  Office

  $1,045,680

  Institutional / Educational

  $1,111,550

  Residential Income

  $1,300,510

  Multifamily

  $1,695,860

  Automotive / Energy

  $952,758

  Parking / Income-Based Land

  $353,039

  Restaurant / Food Service

  $508,105

  Healthcare / Senior Housing

  $1,130,290

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3345

Longitude

-86.18

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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