500 Patton AveMontgomery, AL 36111

Property Details for 500 Patton Ave

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

13.11 AC

Property size (Sq ft)

13,112 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Strip malls

APN

10-09-30-4-013-001.002

APU

1009304013001002

Description

The iconic Normandale Shopping Center in Montgomery, Alabama, is undergoing a significant revitalization. This historic retail center, located at 500 E Patton Ave, 36111, is poised for a remarkable comeback. Currently, a 17,000 square foot retail space is available for lease within this multiple-tenancy property in Montgomery County. The center's upcoming improvements include fresh paint, upgraded storefronts, enhanced parking lot conditions, and improved lighting, reflecting a substantial landlord investment. This space presents a unique opportunity for businesses seeking a high-visibility location in a revitalized shopping center. Larger spaces are also available, ranging up to 80,000 square feet, with some featuring exceptional features such as a beautiful glass dome offering abundant natural light. The 80,000 square foot space will boast a brand-new roof and glass storefront. This is an exceptional chance to secure a prominent position in one of Montgomery's most successful and historically significant retail destinations. The property is classified as Retail Space with multiple tenancies. The total building square footage is not currently specified.

• CAP approach

  CAP return

  Valuation

  6%

  $2,496,679

  6.5%

  $2,304,627

  7%

  $2,140,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,594,934

  Geo Method

  $6,445,220

• Alternative Use

  Use

  Valuation

  Residential

  $1,944,039

  Hospitality

  $1,780,729

  Educational

  $1,481,546

  Medical

  $1,532,498

  Retail

  $2,304,627

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3331

Longitude

-86.2974

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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