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16,268 SF Indus. 4.38 AC Yard 3120 Hayneville Rd

16,628 SF Industrial Building Montgomery, AL 36108 $1,200,000 ($72/SF) 7.02% Cap Rate

Investment Highlights

  • 16,628 SF on 4.38 acres zoned M-3 / 3 sources of rental income
  • Building 1 circa 1970 has 12,628 SF+- with 2,628 SF office and 10,000 SF+- shop 14’ to 18’ ceilings
  • 5 ton running motorized crane spanning one bay / 2 ton freestanding jib crane
  • 4.38 acre+- fenced and gated site / Exterior painted, roof coated and asphalt milling added to yard
  • 4 roll up at grade doors on each side of building / Metal halide lighting and sprinklered
  • Building 2 has 4,000 SF / 2@ 8’x8’ at grade doors / 14’ to 16’ clear heights

Executive Summary

Please do not disturb the tenants. For sale as an investment is a 16,628 SF+- vehicle service center and yard on 4.38 acres+- zoned general industrial in southwest Montgomery. The 4.38 acre+- site is fenced and gated. Recent improvements were exterior painted, roof coated and asphalt milling installed for outdoor storage. The M-3 zoning is Montgomery’s most robust allowing all industrial uses (A,B,C,D&E). There are three sources of rental income: AMWaste of Alabama leases 12,628 SF+- through June 2025 as office, truck fleet servicing shop and roll off dumpster yard, A-Z Auto Repair leases 4,000 SF+- through April 2025 as office and shop space for vehicle servicing and 12 dedicated parking spaces for tractor trailers rented on monthly basis.
Building 1
The sprinklered 12,628 SF metal building circa 1970 has 2,628 SF+- of office leading to a 10,000 SF+- metal halide lit shop with 14’ to 18’ ceilings equipped with a 5 ton running motorized crane spanning one service bay, plus a 2 ton freestanding jib crane. There are 4 roll up at grade doors on each end of the building measuring 1@ 16’ x 16’ 2@ 14’ x14’ and 1@ 10’x 10’ for drive through circulation.
Building 2
The 4,000 SF+- metal building has 14’ to 16’ ceiling heights, 2 at grade 8’x’8’ doors, fluorescent lighting and offices with locker room.
Site
The 4.38 acre+- site is fenced and gated with asphalt millings installed for outdoor storage. There is an inactive underground fuel tank on the property.
The location in southwest Montgomery is 3.6 miles west of I-65 exit 170 Fairview Ave and 3 miles south of Maxwell Air Force Base.

Property Facts

Price $1,200,000
Price Per SF $72
Sale Type Investment
Cap Rate 7.02%
Property Type Industrial
Property Subtype
Truck Terminal
  • Industrial Distribution
  • Industrial Service
Building Class C
Lot Size 4.38 AC
Rentable Building Area 16,628 SF
No. Stories 1
Year Built 1980
Tenancy Single

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-05-22-4-002-005.000
Land Assessment
$12,760
Improvements Assessment
$83,480
Total Assessment
$96,240

zoning

Zoning Code M-3 (M-3 General Industrial zoning is the most robust.)
M-3 (M-3 General Industrial zoning is the most robust.)
  • Listing ID: 31202484

  • Date on Market: 3/13/2024

  • Last Updated:

  • Address: 3120 Hayneville Rd, Montgomery, AL 36108

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