250/260 Commerce Street

250 and 260 Commerce Street comprise two connected downtown Montgomery office properties totaling approximately 65,769 square feet. The offering provides investors and owner-users with a combination of existing income and available space in the city’s central business and entertainment district. The buildings are within Montgomery’s Opportunity Zone and are zoned T-5 Smart Code.

The Class A building at 250 Commerce Street contains approximately 36,305 square feet and is offered at $2,850,000. Reported net operating income is $260,296, producing a 9.16% capitalization rate at the asking price. The adjacent four-story building at 260 Commerce Street contains approximately 29,464 square feet, including individually marketable condominium floors. Approximately 20,957 square feet is currently available at 260 Commerce Street, allowing a buyer to pursue lease-up or owner occupancy. Separate pricing applies to the 260 Commerce Street condominium interests.

Originally developed in 1903 and renovated in 2010, the properties retain a prominent downtown presence while providing modern office accommodations. Together, the site spans approximately 0.73 acres and includes 56 parking spaces. Two tax parcels serve the offering: 11-01-12-1-000-016.000 and 11-01-12-1-000-016.501.

The location is within one block of Riverfront Park, Riverwalk Stadium, the Renaissance Montgomery Hotel, the Montgomery Performing Arts Centre, and the Harriott II Riverboat. The Alabama State Capitol is approximately 0.9 miles away, and the I-65/I-85 interchange is roughly 1.4 miles from the property. This downtown setting provides access to government, legal, hospitality, residential, and entertainment demand drivers.