7915-7995 Vaughn Rd | Montgomery, AL 36116
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- LoopNet Team
7915-7995 Vaughn Rd
Montgomery, AL 36116
Festival Plaza Shopping Center · Retail Property For Sale
Investment Highlights
- Ideal Location - highly desirable East Chase Submarket, prominent corner at Taylor & Vaughn Roads, in a sought-after retail location along I-85.
- Affluent Demographics - 48,287 people live within a 3-mile radius, with an average household income exceeding $103,000.
- Upside Opportunity – below market rents and existing vacancy yield near-term NOI lift that can provide double-digit equity returns.
- Grocery Shadow Anchored – a 47,000-SF Walmart Neighborhood Grocery store lies directly adjacent to the site, driving additional consumer traffic.
- Generous Parking – the 14-acre site provides 1,039 parking spaces, an excessive ratio of 9.5 spaces per 1,000 SF GLA.
- Below Replacement Cost – anticipated pricing will be at a deep discount to replacement cost.
PROPERTY FACTS
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
108,356 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2002
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
14.37 AC
Zoning
B-3 - General Business
Parking
1,039 Spaces (9.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 09-09-29-1-000-002.002 | Improvements Assessment | $3,380,360 |
| Land Assessment | $1,126,600 | Total Assessment | $4,506,960 |
PROPERTY TAXES
Parcel Number
09-09-29-1-000-002.002
Land Assessment
$1,126,600
Improvements Assessment
$3,380,360
Total Assessment
$4,506,960
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