Retail Building for Sale
Tenants are all on Month to Month Leases, huge value add potential!
Marketing description
This 20,890 SF property at 1351-1375 Federal Drive, Montgomery, AL, offers a unique opportunity for investors looking for a stable, income-generating asset with flexible lease terms. The property is practically fully occupied, yet all tenants are on month-to-month leases, giving a new owner the chance to reposition the asset quickly and re-lease at higher market rates.
Situated in a high-traffic corridor with 12,928 vehicles per day and located next to the newly constructed Circle K, the property benefits from its prime location in North Central Montgomery. The B2 zoning offers flexible usage options, and the nearby businesses, including Walmart, Penske Truck Rental, and Life Storage, drive consistent foot traffic.
With utilities already in place and significant redevelopment potential, this asset offers the best of both worlds: immediate cash flow with the ability to quickly transition to higher-rent tenants and maximize returns.
Take advantage of this opportunity to elevate your portfolio with a high-demand property in a growing market!
Investment highlights
Area Highlights:
Prime Location: Situated in North Central Montgomery, just 2.2 miles from I-85 for easy accessibility.
Adjacent to New Development: Next to the newly constructed Circle K, increasing foot traffic and area growth.
High Traffic Counts: 12,928 vehicles per day on Federal Drive, ensuring high visibility for future tenants.
Thriving Commercial Hub: Surrounded by major businesses such as Walmart, State Farmers Market, Penske Truck Rental, and Life Storage.
Growing Population: Over 107,521 residents within a 5-mile radius, with a daytime population of 140,448.
Stable Economic Environment: Average household income of $64,687 within a 5-mile radius.
Property Highlights:
Fully Occupied: Property is nearly fully leased with tenants on month-to-month leases.
Immediate Upside Potential: Ability to bring in newer tenants at higher rents due to the flexible leasing terms.
Zoned B2: Ideal for a wide range of commercial or mixed-use developments.
Utilities Ready: Water, sewer, gas, and electricity are already available, making redevelopment easy.
Lot Size: Sprawling 20,890 SF site offers ample space for new construction or re-tenanting.
Strong Redevelopment Potential: Located in a growing area with new development nearby, providing an opportunity for significant upside.
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