executive park bldg I | 10,044 sf +/- | 1 AC +/-

NEW ROOF | NEW HVAC | FULL BUILD OUT | Montgomery, AL

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Asking Price

$450,000

$45/SF | FREE STANDING BUILDING

 

Listing Brokers

Costel Vanatoru

Lic. Real Estate Broker

407.403.5775

FL License: FL BK3139052 | AL License: AL 000124672-0

Need more information? Contact broker, or click below to request the OM.

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executive park bldg I | 10,044 sf +/- | 1 AC +/-

NEW ROOF | NEW HVAC | FULL BUILD OUT | Montgomery, AL

Price

$450,000

CAP Rate

N/A

Price/RSF

$45.00

Occupancy

Vacant

Address

2361 Fairlane DR

Year Built

1979

City/State/Zip

Montgomery, AL

Building Size (SF)

10,044  +/-

County

Montgomery

Lot Size

1 AC +/-

Property Type

Office/ FREE STANDING

Year Renovated

$2019 (New Roof, HVAC, and more)

Use Type

Investment/ Owner User

Building Class

B

PID

Per Request

Unit Condition

Full Build Out

Zoning

Commercial/ Office

Ownership Type

Fee Simple

Parking Ratio

5/1000

 

 

PROPERTY DESCRIPTION

Vanwald & Associates is pleased to present the unique opportunity to own Building I, located at 2361 Fairlane DR in the Executive Park of Montgomery, Alabama.

 

Free Standing Building. The building is Free Standing with just over 10,000 SF in size and sits on one acre of land.

 

New Roof. New HVAC. The building has a brand new roofs, and brand new HVAWC units on top. All replaced in 2019.

 

Full Build Out. The building benefits from a good quality full office/medical build out with lots of renovations being done in 2019.

 

Low Basis. The building is being sold significantly under replacement value and at $45/SF a new owner can benefit of a potentially significant increase in value by securing a tenant.

 

Can be Subdivided. The building should be easy to subdivide into smaller suites if needed. There are multiple store front doors on the front and rear of the building and multiple bathrooms as well.

 

Great for Owner User. The building is primed for an owner user looking to replace lease payments with equity and take advantage of depreciation and other benefits that may come with ownership.

 

The property is strategically placed in the Executive Park on SR 80 near the intersection of SR 231 and just minutes to I-85.

All Rights Reserved. Copyright 2016 Vanwald & Associates LLC

Vanwald & Associates LLC | Lic. Real Estate Broker | 6000 Metrowest BLVD STE 101, Orlando, FL 32835

FL Real Estate License: FL BK3139052 | AL Real Estate License: 000125471-0