800 Mcdonough StMontgomery, AL 36104

Property Details for 800 Mcdonough St

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.40 AC

Property size (Sq ft)

10,332 SF

Zone code

M-1

Property type

Office buildings

APN

10-04-18-3-003-001.000

APU

1004183003001000

Description

This exceptional two-story, 10,332-square-foot office building is ideally situated in downtown Montgomery, Alabama. Classified as a Class B property, it features a multi-tenant configuration with over 20 private offices, providing ample space for various business needs. Built in 1974, the building sits on a 0.399-acre lot and is zoned M1. The asking price is $499,000, translating to $48.30 per square foot. The property boasts convenient on-site parking for both employees and clients. Its prime location offers easy access to key attractions and infrastructure, including the Alabama State Capital, Montgomery Biscuits Stadium, the Equal Justice Initiative (EJI), and the Montgomery Performing Arts Center/Renaissance Hotel. Furthermore, it enjoys proximity to major transportation arteries, being approximately 0.4 miles from I-85, 1.1 miles from I-65, and within a reasonable distance of Montgomery Whitewater and Maxwell Air Force Base. This presents a unique investment opportunity in a thriving urban center. The property is offered as a Net Net Net (NNN) lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,365,178

  6.5%

  $1,260,164

  7%

  $1,170,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,752,295

  Geo Method

  $2,015,360

• Alternative Use

  Use

  Valuation

  Residential

  $1,562,603

  Hospitality

  $1,431,336

  Educational

  $1,190,855

  Medical

  $1,231,810

  Retail

  $1,852,441

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3663

Longitude

-86.3049

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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