2900 Mcgehee RdMontgomery, AL 36111

Property Details for 2900 Mcgehee Rd

Year built

1968

Lot size

0.85 AC

Property size (Sq ft)

9,125 SF

Zone code

B-4

Property type

Office properties

Property subtype

Office buildings

APN

10-08-28-4-003-004.000

APU

1008284003004000

Description

This exceptional investment opportunity presents a portfolio of two medical office buildings totaling 16,891 square feet situated on a 1.39-acre lot in Montgomery, Alabama. The property, located at 2900 McGehee Rd, boasts a convenient location near Baptist Medical Center South and Jackson Hospital, ensuring high visibility and accessibility for medical professionals and patients. Built in 1968 and extensively renovated in 2024, the single-story buildings are zoned B-4 Retail/Office, offering flexibility for various medical uses. The asking price is $975,000, translating to $57.72 per square foot. A unique leaseback option is available for up to one year, providing a smooth transition for the buyer. This presents a compelling opportunity for medical practices seeking a strategic location with excellent access to major healthcare facilities. The property's recent renovation ensures modern amenities and functionality, making it an attractive investment for both owner-occupiers and investors. The portfolio's proximity to major hospitals makes it an ideal location for medical practices seeking high patient traffic and convenient access to medical resources. This is a rare opportunity to acquire a well-maintained, strategically located medical office portfolio in a thriving healthcare market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,182,098

  6.5%

  $1,091,167

  7%

  $1,013,226

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,779,922

  Geo Method

  $1,779,922

• Alternative Use

  Use

  Valuation

  Residential

  $1,353,047

  Hospitality

  $1,239,384

  Educational

  $1,031,153

  Medical

  $1,066,616

  Retail

  $1,604,016

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3373

Longitude

-86.2624

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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