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2234 - 2288 E South Boulevard - Capitol Plaza, Montgomery, AL
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2234 - 2288 E South Boulevard - Capitol Plaza
Montgomery, AL 36116-2485 - South Montgomery Submarket
17.7 AC (771,056 SF)
For Sale Price:
Free Surface spaces are available; Ratio of 4.42/1,000 SF
Pylon Sign, Signalized Intersection
Capital Plaza Mall is an investment opportunity located in Montgomery, Alabama with over 200,000 sq. ft. of leaseable space. The site is 94% leased with national and local tenants including Dollar General, Simply Fashion, Bestway Rentals and the Montgomery County Probate Office. Priced at $3,550,000 with a 8.6% cap rate. The property also offers an excellent rate of $18.90 per sq. ft. It is an excellent redevelopment opportunity. The City of Montgomery has multiple tax incentives for redevelopment and new business. There is a 70,000 sf tenant space that could easily be redeveloped into 2 or more tenant spaces. Capital Plaza also has an retail out parcel on the site. Burger King just built a new restuarant on an out parcel using city tax incentives. The property has stable tenants that should provide an excellent investment opportunity.
Capital Plaza is located at 2234 South Blvd at a highly visible intersection with Woodley Rd. in Montgomery, Alabama. The South Blvd has average daily traffic counts of over 40,000 vehicles.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Aronov Realty Management, Inc.
David L Potts
View all my listings
Frank G Potts
(334) 277-1000 x229
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