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840 Lagoon Business Loop

10,912 SF 100% Leased Flex Building Montgomery, AL 36117 $1,150,000 ($105/SF) 9% Cap Rate

Investment Highlights

  • Prime Location
  • Warehouse
  • Paved Parking

Executive Summary

Prime 11,000 sq. ft. +/- commercial building situated on a high-visibility corner lot in Lagoon Business Park, on 1.55 acres. This versatile property offers ample space for a variety of business operations, featuring a well-designed office area including 5 dedicated offices, reception area with file/copy room, large conference room, break room, and a separate employee entrance that includes a bathroom with shower. Ideal for growth or expansion, the building is positioned in a desirable location with easy access for customers and clients. In addition to the property, the existing business is also available for acquisition, presenting a unique opportunity for a turnkey investment. Explore the potential of owning both the real estate and an established business.

Property Facts

Price $1,150,000
Price Per SF $105
Sale Type Investment or Owner User
Cap Rate 9%
Property Type
Flex
  • General Retail Auto Repair
  • Industrial Warehouse
  • Industrial Service
Building Class B
Lot Size 1.55 AC
Rentable Building Area 10,912 SF
No. Stories 1
Year Built 2004
Parking Ratio 1.83/1,000 SF
No. Drive In / Grade-Level Doors 6

Amenities

  • Security System
  • Wheelchair Accessible
  • Yard
  • Reception
  • Storage Space
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Water - City
  • Sewer - City
  • Heating - Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-07-36-3-000-002.020
Land Assessment
$88,000
Improvements Assessment
$146,820
Total Assessment
$234,820

zoning

Zoning Code M-1
M-1
  • Listing ID: 33111005

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 840 Lagoon Business Loop, Montgomery, AL 36117

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