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506 Sayre St
Montgomery, AL 36104
Office Property For Sale
EXECUTIVE SUMMARY
Built in 1872, and extensively renovated in 1982, this historic building has served a number of purposes throughout Montgomery’s history. It most recently was used as large event space, offices, and retail. The generous +/- 1.26 acre lot sits just feet from the nationally known Peace and Justice Memorial. Multiple major development projects are just blocks from the property. The building features multiple large meeting rooms, a freight elevator, high dock, walk in cooler and various kitchen equipment
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
11,882 SF
Building Class
C
Year Built
1872
Price
$482,059 CAD
Price Per SF
$40.57 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,940 SF
Slab To Slab
12’
Building FAR
0.22
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
T4 - A T4 zoning designation in Alabama is a transect zone that typically allows for a mix of residential and neighborhood-serving commercial uses.
Parking
10 Spaces (0.84 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 11-06-13-1-010-001.000 | Improvements Assessment | $309,783 CAD |
| Land Assessment | $20,799 CAD | Total Assessment | $330,582 CAD |
PROPERTY TAXES
Parcel Number
11-06-13-1-010-001.000
Land Assessment
$20,799 CAD
Improvements Assessment
$309,783 CAD
Total Assessment
$330,582 CAD
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