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VALUE ADD. Net Investment.

$2,750,000

243 Catoma St, Montgomery, AL 36104

Active
Last Updated: 10/01/2025

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
  • Warehouse/Flex Space available!
  • Originally built as the McGough Chevrolet Dealership
  • 2 truck doors, 5 ground level doors
  • 2 stories
  • New roof and windows with abundant light, ready for your Business!
  • Located in the CBD
  • Excellent parking
  • The location also has a sprinkler system and is available for immediate occupancy.
  • Located on three streets: 243 Catoma St., 523 Bibb St. & 134 Wilkinson St.
  • ± 1.1 Miles from I-85/I-65 Interchange
Description:

Welcome to 243 Catoma St, Montgomery, AL, a prime industrial property presenting a compelling opportunity for savvy investors. This expansive 68,000 SF building, comprising 5 units, boasts a rich history as the original McGough Chevrolet Dealership, while recently benefiting from a comprehensive 2019 renovation. With a strategic T-2 Smart Code zoning and an enviable 96% occupancy rate, this property is perfectly positioned in the heart of Montgomery's CBD area. Boasting modern features such as 2 truck doors, 5 ground level doors, and a new roof and windows for ample natural light, this facility is primed for immediate occupancy.

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:
4 Spaces Available

529 Bibb St, #2 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
1,800
Lease Rate:
$0/sqft/yr

Was asking over $300,000, I believe he will sell for $300,000 today but may take in the low $225,000 range if approached correctly.

211 Catoma St, #5 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
3,784
Lease Rate:
$0/sqft/yr

Asking $600,000, hope to get for $450,00

134 Wilkinson St Warehouse

Available:
Immediately
Sublease:
No
SQFT
30,000
Lease Type:
Gross

120 Wilkinson St Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
9,500
Documents:
Title
Lease Brochure 243 Catoma St V2
View
243 Catoma_Offering Memorandum
View
243_Catoma_St_Sale_Brochure.pdf
View
243_Catoma_St_Sale_Brochure.pdf
View
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Location
Gallery