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1820 Ridgeway E 15,039 SF Industrial Building Montgomery, AL 36110 $1,700,000 ($113.04/SF) 8.50% Cap Rate
Investment Highlights
- Fully Leased Investment: Current tenant, Shearer Supply, with 3.5 years remaining on the lease (possible 5 year option available)
- Ample Access: 2 roll-up doors and 2 dock highs, providing efficient loading and unloading
- ± 1 mile to the Northern Blvd
- Functional Industrial Layout: 20' clear ceilings ideal for storage and distribution
- Versatile Space Mix: Expansive warehouse area with 2,200± SF of office space
- Near NEW Frito Lay Faicilty, NEW ABC Supply Facility, UNDER DEVELOPMENT Intermodal Facility
Executive Summary
1820 Ridgeway E offers a strong industrial investment opportunity with Shearer Supply in place and 3.5 years remaining on the current lease. The property features 20’ clear
ceilings, two roll-up doors nad two dock highs, and a functional combination of warehouse space complemented by approximately 2,200 SF of office area. Strategically positioned within a Montgomery Industrial/Office Park, the site provides excellent accessibility—located just one mile from the Northern Boulevard and within easy reach of both I-65 and I-85.
ceilings, two roll-up doors nad two dock highs, and a functional combination of warehouse space complemented by approximately 2,200 SF of office area. Strategically positioned within a Montgomery Industrial/Office Park, the site provides excellent accessibility—located just one mile from the Northern Boulevard and within easy reach of both I-65 and I-85.
Property Facts
| Price | $1,700,000 | Lot Size | 1.70 AC |
| Price Per SF | $113.04 | Rentable Building Area | 15,039 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.50% | Year Built | 2006 |
| Sale Condition | High Vacancy Property | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Zoning | M-1 - Light Industrial | ||
| Price | $1,700,000 |
| Price Per SF | $113.04 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Sale Condition | High Vacancy Property |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.70 AC |
| Rentable Building Area | 15,039 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Tenancy | Single |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | M-1 - Light Industrial |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 04-08-33-1-000-020.000 | Improvements Assessment | $139,960 |
| Land Assessment | $49,000 | Total Assessment | $188,960 |
Property Taxes
Parcel Number
04-08-33-1-000-020.000
Land Assessment
$49,000
Improvements Assessment
$139,960
Total Assessment
$188,960
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1820 Ridgeway E
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