2936 Marti LnMontgomery, AL 36116

Property Details for 2936 Marti Ln

Year built

1984

Lot size

0.72 AC

Property size (Sq ft)

4,888 SF

Zone code

B-3

Property type

Healthcare properties

Property subtype

Medical offices

APN

10-08-34-2-005-004.002

APU

1008342005004002

Description

This 4,868+/- square foot freestanding medical office building, situated on a 0.72-acre lot, presents a compelling value-add investment or owner-user opportunity. Located at 2936 Marti Ln, Montgomery, AL 36116, this Class B property boasts excellent visibility and accessibility from South Boulevard (42,474 vehicles per day). The building features 3,692 square feet on the main level and 1,176 square feet on the upper level, currently vacant. Built in 1984, the property is zoned O-2 (Office Park), making it ideally suited for a variety of medical, dental, or professional office uses. The asking price is $500,000, translating to $112.06 per square foot. This former urgent care facility offers significant potential for renovation and repositioning, representing a strong investment prospect in a desirable Montgomery location. The property's size, location, and zoning provide a solid foundation for a successful redevelopment or immediate occupancy. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $633,213

  6.5%

  $584,504

  7%

  $542,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $953,453

  Geo Method

  $953,453

• Alternative Use

  Use

  Valuation

  Residential

  $724,785

  Hospitality

  $663,900

  Educational

  $552,357

  Medical

  $571,353

  Retail

  $859,221

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3267

Longitude

-86.2543

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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