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2020 E South Blvd
Montgomery, AL 36116
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Grocer Anchored
- Pylon Signage
- High Traffic Counts
- Surrounded by Montgomery's Medical Hub
EXECUTIVE SUMMARY
The two tenant, grocer anchored center, is located on US-80 in Montgomery, AL. The location provides high traffic counts
(35,000 VPD) and is located in the medical hub of Montgomery. Two hospitals lie within a half mile radius, for a combined
bed count of 567. Numerous other medical related industries lie within this radius, including; a retirement community, the
Catholic Social Services of Montgomery, Retina Specialists of Alabama, the Institute for Advanced Wound Care, and
many more.
(35,000 VPD) and is located in the medical hub of Montgomery. Two hospitals lie within a half mile radius, for a combined
bed count of 567. Numerous other medical related industries lie within this radius, including; a retirement community, the
Catholic Social Services of Montgomery, Retina Specialists of Alabama, the Institute for Advanced Wound Care, and
many more.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
57,800 SF
Building Class
B
Year Built/Renovated
1982/2014
Price
$3,300,000
Price Per SF
$57.09
Cap Rate
8.22%
NOI
$271,347
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.24
Lot Size
5.46 AC
Zoning
B-3 - General business zoning
Parking
288 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
259’ on Narrow Lane Rd
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 10-09-32-1-006-004.000 | Improvements Assessment | $599,060 |
| Land Assessment | $47,920 | Total Assessment | $646,980 |
PROPERTY TAXES
Parcel Number
10-09-32-1-006-004.000
Land Assessment
$47,920
Improvements Assessment
$599,060
Total Assessment
$646,980
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