Gorgeous Historical Building in Downtown Montgomery

Office for Sale
Catylist Listing ID: 30269772
Property Subtypes: Executive Suites, Mixed Use, Office Building, Other
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Sale Price: $2,100,000
Unit Price: $210 PSF
Property Use Type: Investment
Building Name: 1 DEXTER
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/20/2018

Overview / Comments

Gorgeous, historical building located in Downtown Montgomery
Designed by Philadelphia architect Stephen Decatur for William Knox, president of Central Bank of Alabama, this Renaissance Revival building emulated the Venetian palaces of the 16th century. After completion in 1856, it was occupied by several banks and a jeweler business until 1983, and was restored for the Arts Council of Alabama in 1985.
Currently located in an Opportunity Zone, this building has up to date plumbing and electrical, a state of the art roof, sprinkler system, new A/C, a functioning bank vault and elevator. It offers a huge downstairs lobby that has an endless amount of possible uses, and plenty of office space. This beautiful building is move in ready and truly a must see! Call today to schedule an appointment.

Additional Details

Nearest MSA: Montgomery
County: Montgomery
Taxing Authority: MONTGGOMERY,AL
Tax ID/APN: 1003073302068000
Zoning: COMMERCIAL
Property Visibility: Excellent
Airports: MONTGOMERY
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,400 SF
Year Built: 1846
Year Renovated: 1980
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Other
Parking Description: ON STREET
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,060 63,838 135,399
Median Age: 33.13 34.91 35.36
Households: 2,043 24,286 52,319

Contact

Photograph of Listing Agent

Ed Fleming

Hodges Real Estate
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