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VALUE ADD. Net Investment.

$2,750,000

243 Catoma St, Montgomery, AL 36104

Active
Last Updated: 12/07/2024

6.92

Cap Rate

172,992

NOI

Details:
Cap Rate:    6.92%
NOI:    $172,992
Building Size:    68,000 sqft
Lot Area:    6.89 acres
Occupancy:    96%
Units:    5
Year Built:    1928
Floors:    2
Highlights:
  • -Opportunity Zone!
  • -Investment Warehouse/Flex space located in CBD
  • - 68,000 SF industrial building with 5 units
  • - Renovated in 2019 with new roof and windows
  • - Zoned T-2 Smart Code in Montgomery CBD area
  • - 96% occupancy with Advanced Auto Parts as current tenant
  • - Abundant natural light and excellent parking
  • - Equipped with a sprinkler system for added safety
  • - Frontage on three streets: 243 Catoma St., 523 Bibb St. & 134 Wilkinson St.
  • - Proximity to I-85/I-65 interchange (1.1± miles)
Description:

Introducing an exceptional investment opportunity in the heart of Montgomery's CBD area. This 68,000 SF industrial property, with 5 units, presents a prime chance for warehouse/distribution investors. Renovated in 2019, the building boasts modern features, including a new roof and windows, bringing in abundant natural light. With a 96% occupancy rate and a current tenant like Advanced Auto Parts, this property offers stability and potential for growth. Zoned T-2 Smart Code and situated in an Opportunity Zone, the location also offers excellent parking and a sprinkler system. Frontage on three streets and proximity to the I-85/I-65 interchange further enhance this compelling investment opportunity.

Investment Retail / Warehouse/ Flex space located in Downtown Montgomery, close to I-65, and located on three streets: 243 Catoma St., 523 Bibb St. & 134 Wilkinson St.

Map:
Documents:
Title
Lease Brochure 243 Catoma St V2
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243 Catoma_Offering Memorandum
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243_Catoma_St_Sale_Brochure.pdf
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Location
Gallery