VALUE ADD. Net Investment.
$2,750,000
243 Catoma St, Montgomery, AL 36104
6.92
Cap Rate
172,992
NOI
Details:
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.
4 Spaces Available
529 Bibb St, #2 Unknown Sub Type
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
Asking $600,000, hope to get for $450,00
134 Wilkinson St Warehouse
120 Wilkinson St Unknown Sub Type
Documents:
| Title | ||
|---|---|---|
| Lease Brochure 243 Catoma St V2 | ||
| 243 Catoma_Offering Memorandum | ||
| 243_Catoma_St_Sale_Brochure.pdf |
Location
Gallery
