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- LoopNet Team
10510 Chantilly Pkwy
Montgomery, AL 36117
28± AC Retail Development Land · Land For Sale
·
16.37 AC
INVESTMENT HIGHLIGHTS
- Located in main growth area for the Montgomery, AL market (+6.54% since 2010)
- Area retailers include: Home Depot & Walmart, as well as Costco (0.5 miles NW)
- Well above national average household income ($151,835 within one mile)
- Part of portfolio sale featuring surplus retail buildings & premium development sites.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units - Senior |
| Property Subtype | Commercial | Total Lot Size | 16.37 AC |
| Zoning | B2 - Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Senior |
| Total Lot Size | 16.37 AC |
| Zoning | B2 - Commercial |
DESCRIPTION
The property is located within the Montgomery, AL area, and is approximately 10 miles of downtown. The population within a three-mile radius is 30,629 which is a 6.73% increase since 2010. The immediate area where the property is located in the main growth corridor for the eastern portion of the city, and the majority of the retail is located one mile west around the Shoppes at Eastchase. Within one mile of the property, there are more than 650 new hotel rooms. Montgomery's largest employers were Maxwell-Gunter Air Force Base (12,280 employees), the state of Alabama (9,500), Montgomery public schools (4,524), Baptist Health (4,300), Hyundai Motor Manufacturing Alabama (3,000). Additionally, Montgomery is home to Alabama State University (5,475+ annual enrollment), which is located near the city center. In cooperation with Ron Young, Licensed Alabama Broker #000080484-2, Southern Auction Solutions. Hilco Real Estate, in cooperation with Ron Young, Licensed Alabama Broker #000080484-2, Southern Auction Solutions.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $310,720 | Total Assessment | $310,720 |
PROPERTY TAXES
