The Hobbie Building

Highlights

• • Opportunity Zone
• • Investment Sale or Owner User Sale
• • Class A 4-Story Office Building
• • Located in the heart of the Downtown Entertainment District
• • Within a block of the Montgomery Biscuits, the Riverfront Park, MPC, The
• Renaissance & The Harriett II Riverboat
• • Within walking distance of 79 Commerce & the Heights Apartments.
• • 0.9± Miles from The State Capital
• • 1.4± Miles from I-85 / I-65 Interchange

Description

Located within blocks of the Alabama State Capitol in the Central Business District of Montgomery, Alabama, the property is surrounded primarily by office buildings housing numerous law firms and state agencies.

Downtown Montgomery serves as the economic hub for the region, attracting significant suburban commuting—the second largest volume of commuting in the state. A large share of this commuting originates from Elmore and Autauga counties.

The region’s unemployment rate has historically remained below the state average. Montgomery’s stability is further supported by the presence of two military bases and the concentration of state offices typical of a capital city.

The State of Alabama and related agencies represent the largest single source of employment in the MSA, with approximately 14,600 state employees working within the central Montgomery area, commonly referred to as the Capitol Complex.

The property is in Montgomery’s central business district, just blocks from the Alabama State Capitol. The area is dominated by law offices and state agencies, with government employment providing stability through roughly 14,600 state workers. Montgomery also benefits from two nearby military bases and significant suburban commuting, mainly from Elmore and Autauga counties. The city’s unemployment has historically been below the state average. Ongoing revitalization efforts, including riverfront development and warehouse conversions to offices, apartments, and condos, are contributing to a positive rebirth of downtown Montgomery.

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