2720 Poplar StMontgomery, AL 36107

Property Details for 2720 Poplar St

Year built

2021

Lot size

1.56 AC

Property size (Sq ft)

9,163 SF

Zone code

B-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

10-05-16-2-009-018.004

APU

1005162009018004

Description

This 9,163 square foot retail strip center, built in 2021, presents a compelling investment opportunity in Montgomery, Alabama. Located at 2720 Poplar St, near the intersection of Chestnut Street, this property boasts a prime location with excellent visibility and accessibility. The center features two available spaces, ranging from 1,500 to 4,000 square feet, ideal for a variety of retail businesses. A significant portion of the center is currently vacant, offering substantial potential for immediate income generation. The property sits on a 1.56-acre lot and includes a fully fenced parking lot, enhancing security and convenience for tenants and customers. Its strategic location offers easy access to major thoroughfares, including Zelda Road and Interstate 85 (within 0.2 miles), ensuring high traffic flow. The center benefits from proximity to established national retailers such as Wal-Mart, Ross, Burlington, Chick-fil-A, Burger King, and Dunkin' Donuts, creating a synergistic retail environment. The property is zoned B2 within Montgomery County, providing flexibility for various commercial uses. This is an exceptional opportunity to acquire a well-located, newer retail center with significant upside potential. The existing infrastructure and high-traffic location make this an attractive investment for both seasoned and emerging investors.

• CAP approach

  CAP return

  Valuation

  6%

  $1,744,936

  6.5%

  $1,610,710

  7%

  $1,495,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,504,084

  Geo Method

  $4,504,084

• Alternative Use

  Use

  Valuation

  Residential

  $1,358,694

  Hospitality

  $1,244,556

  Educational

  $1,035,456

  Medical

  $1,071,067

  Retail

  $1,610,710

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3676

Longitude

-86.2734

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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