VALUE ADD. Net Investment.

243 Catoma St Montgomery, AL 36104

243 Catoma St, Montgomery, AL, 36104
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FOR SALE FOR LEASE
Property Type:
Warehouse
Amount:
$2,750,000
Last Verified:
Nov 09, 2024

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Highlights


Description

Introducing an exceptional investment opportunity in the heart of Montgomery's CBD area. This 68,000 SF industrial property, with 5 units, presents a prime chance for warehouse/distribution investors. Renovated in 2019, the building boasts modern features, including a new roof and windows, bringing in abundant natural light. With a 96% occupancy rate and a current tenant like Advanced Auto Parts, this property offers stability and potential for growth. Zoned T-2 Smart Code and situated in an Opportunity Zone, the location also offers excellent parking and a sprinkler system. Frontage on three streets and proximity to the I-85/I-65 interchange further enhance this compelling investment opportunity.

Presenting a prime leasing opportunity in Montgomery's CBD area. This versatile warehouse/flex space, located at 243 Catoma St, offers a new roof and windows, flooding the interior with abundant natural light. Equipped with excellent parking and a sprinkler system, this property is ready for immediate occupancy, providing a seamless transition for your company. Situated on three streets and just 1.1± miles from the I-85/I-65 interchange, this location offers convenience and accessibility. As part of an Opportunity Zone, this space presents a compelling opportunity for businesses seeking a strategic and flexible property solution.

Investment Retail / Warehouse/ Flex space located in Downtown Montgomery, close to I-65, and located on three streets: 243 Catoma St., 523 Bibb St. & 134 Wilkinson St.


Year Built: 1928
Building Size: 68000sq ft
Lot Size: 6.89 acres


Documents

243 Catoma_Offering Memorandum
243 Catoma St_Sale Brochure
Lease Brochure 243 Catoma St V2

Units for Lease

529 Bibb St
Space Available: 1800 SF
Lease Type: Gross
211 Catoma St
Space Available: 3784 SF
Lease Type: Gross
134 Wilkinson St
Space Available: 30000 SF
Lease Type: Modified Net

Price Per Sqft/Year: $4.00

Map of 243 Catoma St, Montgomery, AL, 36104

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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.