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1400-1408 Madison Ave
Montgomery, AL 36107
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- NEW roof 2023
- Fully Built out Hookah Lounge on left side of building with stage downstairs
- Fenced in yard with additional downstairs storage space
- Located on main thoroughfare in vibrant Downtown Montgomery
- Former uses- Office Space, Hobby Shop, Retail Storefront, Hookah Lounge
EXECUTIVE SUMMARY
Nestled in the heart of Montgomery, the area surrounding 1402 & 1408 Madison Ave buzzes with vitality and opportunity. This prime location offers investors easy access to a range of nearby points of interest, including the historic Montgomery Museum of Fine Arts, the vibrant restaurants and boutiques of the Cloverdale and Old Cloverdale neighborhoods, and the bustling activity of the nearby retail corridors. With its rich cultural heritage and dynamic commercial landscape, this area presents an ideal opportunity for retail and street retail investors seeking a thriving and diverse market for their next venture.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,000 SF
Building Class
C
Year Built
1925
Price
$550,193 CAD
Price Per SF
$68.77 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
B-2
Parking
8 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 10-03-08-3-019-004.000 | Improvements Assessment | $52,738 CAD |
| Land Assessment | $4,738 CAD | Total Assessment | $57,476 CAD |
PROPERTY TAXES
Parcel Number
10-03-08-3-019-004.000
Land Assessment
$4,738 CAD
Improvements Assessment
$52,738 CAD
Total Assessment
$57,476 CAD
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