A Great Income Property & Owner User Opportunity With Redevelopment On Excessive Land @ Opportunity Zone Area

500-634 East Patton Avenue Montgomery, AL 36111

500-634  East Patton Avenue, Montgomery, AL, 36111
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FOR SALE
Property Type:
Community Center
Amount:
$2,500,000
Last Verified:
Apr 03, 2022

Highlights

  • Per Seller Governmental Housing Development Around The Shopping Mall Has Been Started
  • Long Term, National, Franchise, & Credited Tenants
  • Per Owner has been spend thousands of dollars for maintaining the centers
  • This is as is sale and potential buyer must verify all information.
  • There is no Warrent and Guranteed on these information.

Description

Normandale Shopping is a largest and well maintained historical mall which is located south of downtown Montgomery a new $1 billion Hyundai plant providing thousands of jobs in the immediate area MONTGOMERY, Alabama -- Workers at Hyundai's Montgomery auto assembly plant built 32,384 vehicles in July, and the company plans two working Saturdays this month to keep pace with demand.
The Property proximity to downtown Montgomery affords it easy access to area expressways, shopping, parks and other recreational areas. The Hyundai plant added 10,000 jobs when built and Last month, workers produced 20,910 Sonata sedans and 11,474 Elantra compacts. The total is a 9.6 percent growth over the amount of vehicles assembled at the plant in July 2013. Normandale is situated just 5 minutes from two country clubs, Huntington College, Baptist Medical Center South and is only 15 minutes from Maxwell Air force Base. The surrounding neighborhood benefits from connecting roads, schools, churches and community services.a great opportunity for this Normandale Shopping Mall all it needs a strong management.

Buyer Must Verify All Information

Montgomery Alabama is The Top 5 auto-producing state, will become an even more important center of auto manufacturing in the United States.
All three automakers with assembly operations in Alabama set production records in 2012, combining for an annual tally exceeding 880,000. That record almost certainly will be eclipsed this year, thanks to the expansion projects. The Mercedes-Benz plant in Vance, for instance, is in the midst of a $2.4 billion expansion, which is drawing new suppliers into its orbit and further extending Alabama’s auto manufacturing infrastructure.
Normandale Shopping Mall s located south of downtown Montgomery and just 5 minutes from a new $1 billion Hyundai plant providing thousands of jobs in the immediate area. The Property’s proximity to downtown Montgomery affords it easy access to area expressways, shopping, parks and other recreational areas. MONTGOMERY, Alabama -- Workers at Hyundai's Montgomery auto assembly plant built 32,384 vehicles in July, and the company plans two working Saturdays this month to keep pace with demand.

Last month, workers produced 20,910 Sonata sedans and 11,474 Elantra compacts. The total is a 9.6 percent growth over the amount of vehicles assembled at the plant in July 2013.
Please open the link
http://www.madeinalabama.com/2013/02/alabama-auto-manufacturing-industry-growing/
Normandale shopping Mall is situated just 5 minutes from two country clubs, Huntingdon College, Baptist Medical Center South and is only 15 minutes from Maxwell Air force Base. The surrounding neighborhood benefits from connecting roads, schools, churches and community services.


Year Built: 1954
Building Size: 101952sq ft
Lot Size: 24000.0 acres

Map of 500-634 East Patton Avenue, Montgomery, AL, 36111

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.