Property Listing No Longer Available for Sale

322 Madison Avenue, Montgomery, AL

Retail for Sale - $952,866 - 9,320 Sq. Ft. on 1 acres


Property Info

CIMLS#971203
Location
  322 Madison Avenue
  Montgomery AL 36104
UpdatedDecember 29th, 2017
TypeRetail
Price$952,866
Building9,320 Sq. Ft.
Land1 acres

Property Description

1.00 Acre site that offers rare opportunity to redevelop property on the busiest street in downtown Montgomery. Fantastic site for street retail, or QSR with drive-thru. Property features street parking and vacant lot with 20 parking spaces. Current annual income is approximately $46,800 with potential annual income of $70,000+.

Location Description:

Well located on Madison Avenue with approximately 199' feet of frontage on Madison Avenue. Madison Avenue is the main commuter road into and out of downtown Montgomery and features the highest traffic count for all streets in downtown. Rare location that will allow QSR with drive-thru.

Highlights:

>> 22,000 daytime population within walking distance to site

>> fronts Madison Avenue 23,000 ADT

>> Rare Opportunity for freestanding Restaurant with ability to offer drive-thru

>> Over 2,000,000 square feet of Class A office within walking Distance to site

>> State, City and Federal office buildings within walking distance

>> Site is surrounded by major parking decks for downtown office workers

>> Over 1,000 hotel rooms with high occupancy within walking distance to site

>> Close Proximity to Montgomery Convention Center, Troy State University, Montgomery Biscuits Double A Stadium

* Email for additional photos


Financials