3506 Montlimar Plaza DrMobile, AL 36609

Property Details for 3506 Montlimar Plaza Dr

Year built

2001

Lot size

0.33 AC

Property size (Sq ft)

3,029 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

28 07 25 3 000 001.021

APU

2807253000001021

Description

This exceptional 3,000 square foot single-tenant office building presents a fantastic leasing opportunity. Currently configured as a computer training school, the space boasts approximately 40 workstations, offering immediate adaptability for a variety of businesses. The building is zoned B-3, providing flexibility for a range of commercial uses. The property includes convenient parking for fifteen or more vehicles, ensuring ample space for employees and clients. Located in a prime commercial area (address not provided), this building offers easy access to major transportation routes and amenities. The monthly rent is $2,500, with an additional $677 covering taxes and insurance, totaling $3,177 per month. This represents a compelling value for a well-maintained, spacious office building ready for immediate occupancy. The existing layout, with its numerous workstations, provides a significant advantage for businesses requiring a ready-to-use workspace. The ample parking further enhances the property's appeal, eliminating the parking challenges often associated with commercial properties. This is an ideal opportunity for a company seeking a move-in ready, well-located office space with significant capacity. The B-3 zoning allows for a diverse range of commercial uses, making this property a versatile and attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $595,626

  6.5%

  $549,808

  7%

  $510,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $358,135

  Geo Method

  $333,764

• Alternative Use

  Use

  Valuation

  Residential

  $549,808

  Hospitality

  $503,622

  Educational

  $419,007

  Medical

  $433,418

  Retail

  $651,789

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6669

Longitude

-88.1343

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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