503 Coliseum Boulevard, Montgomery, AL 36109

Property Description

Well-maintained, 5000 sq. ft, multi-suite office building on the corner of Coliseum Blvd and Biltmore Ave. Zoned O-1. It has excellent visibility, great signage, and a private 14-space parking lot. Each of the four suites is self-contained, each has two updated restrooms, dedicated HVAC, security system, and two entrances. The largest suite (C/E) was combined from two units and can be split back creating a fifth suite for added income. Suite D is move-in ready for a medical or professional practice. It features a reception area with check-in window, five private offices, a break room, a utility closet with deep sink, and new carpet and paint throughout. All HVAC systems have been replaced within the last five years, and custom Just Blinds solar shades cover all large windows. Suite A is a perfect classroom or gym (and current gym equipment is negotiable). The seller commissioned a cost segregation study by CSSI and will transfer it to the buyer for potential accelerated depreciation benefits. The surrounding 36109 zip code has about 24,000 residents in more than 10,000 households, and has grown steadily since 2019. It's a strong opportunity for an investor or owner-user.