8173 Vaughn RdMontgomery, AL 36116

Property Details for 8173 Vaughn Rd

Year built

2002

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.79 AC

Property size (Sq ft)

19,192 SF

Zone code

B-3

Property type

Strip malls

Property subtype

Neighborhood centers

APN

09-08-28-2-000-004.000

APU

908282000004000

Description

This exceptional retail opportunity is located at 8173 Vaughn Rd, Montgomery, AL 36116, within the thriving Pepper Tree Shopping Center. The property, built in 2002, comprises a single-story, 18,642 square foot building situated on a 1.81-acre lot. Currently, 6,058 square feet of retail space is available, divisible into units ranging from 1,808 to a maximum contiguous 2,125 square feet. The center boasts a strong tenant mix, creating a synergistic environment and shared customer base. The B-3 zoning allows for a variety of commercial uses. The property offers excellent access and visibility, benefiting from ample parking. This location in East Montgomery is experiencing significant growth, making it an ideal investment for businesses seeking high traffic and a strong customer base. The property's single-story design and convenient layout provide easy accessibility for both customers and employees. This is a prime opportunity to establish or expand your business in a vibrant and rapidly developing area of Montgomery, Alabama. The property's location within a well-established shopping center ensures high visibility and foot traffic, contributing to a successful retail operation.

• CAP approach

  CAP return

  Valuation

  6%

  $3,654,676

  6.5%

  $3,373,547

  7%

  $3,132,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,433,851

  Geo Method

  $9,433,851

• Alternative Use

  Use

  Valuation

  Residential

  $2,845,713

  Hospitality

  $2,606,658

  Educational

  $2,168,709

  Medical

  $2,243,294

  Retail

  $3,373,547

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3392

Longitude

-86.1706

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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