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506 Sayre St 11,882 SF 100% Leased Office Building Montgomery, AL 36104 $250,000 ($21.04/SF)
Executive Summary
Built in 1872, and extensively renovated in 1982, this historic building has served a number of purposes throughout Montgomery’s history. It most recently was used as large event space, offices, and retail. The generous +/- 1.26 acre lot sits just feet from the nationally known Peace and Justice Memorial. Multiple major development projects are just blocks from the property. The building features multiple large meeting rooms, a freight elevator, high dock, walk in cooler and various kitchen equipment
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
11,882 SF
Building Class
C
Year Built
1872
Price
$250,000
Price Per SF
$21.04
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,940 SF
Slab To Slab
12’
Building FAR
0.22
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
T4 - A T4 zoning designation in Alabama is a transect zone that typically allows for a mix of residential and neighborhood-serving commercial uses.
Parking
10 Spaces (0.84 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 11-06-13-1-010-001.000 | Improvements Assessment | $221,920 |
| Land Assessment | $14,900 | Total Assessment | $236,820 |
Property Taxes
Parcel Number
11-06-13-1-010-001.000
Land Assessment
$14,900
Improvements Assessment
$221,920
Total Assessment
$236,820
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506 Sayre St
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