250-260 Commerce St - Medical FOR SALE


Montgomery, AL 36104- Downtown Montgomery
$2,850,000 USD
334-386-2441
250-260 Commerce St, Montgomery, AL for Sale
$2,850,000 USD
Medical - FOR SALE
1/38
null | 9.13% Cap Rate

250-260 Commerce St
Montgomery, AL 36104
Downtown Montgomery


HIGHLIGHTS

  • Opportunity Zone
  • Investment Sale or Owner User
  • Riverfront Views!
  • Located in the heart of the Downtown Entertainment District
  • Within a block of the Montgomery Biscuits, the Riverfront Park, MPC, The Renaissance & The Harriett II Riverboat
  • 0.9± Miles from The State Capital

OVERVIEW

The property is in Montgomery’s central business district, just blocks from the Alabama State Capitol. The area is dominated by law offices and state agencies, with government employment providing stability through roughly 14,600 state workers. Montgomery also benefits from two nearby military bases and significant suburban commuting, mainly from Elmore and Autauga counties. The city’s unemployment has historically been below the state average. Ongoing revitalization efforts, including riverfront development and warehouse conversions to offices, apartments, and condos, are contributing to a positive rebirth of downtown Montgomery.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

9.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

T-5

APN/PARCEL ID

11-01-12-1-000-016.000

ASK ABOUT THIS PROPERTY

Gene Cody, CCIM, SIORMoore Company Realty, Inc.More Info
334-386-2441

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Gene Cody, CCIM, SIORMoore Company Realty, Inc.More Info
334-386-2441

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.