Description

1115 Coliseum Boulevard is a freestanding retail property for sale in Montgomery, AL, at a signalized corner beside Walmart Neighborhood Market. Its 3,604 SF of gross leasable area and 1.55-acre site give an owner-user or investor both building presence and land to work with.

Built in 1988, the former Hardee’s has 58 parking spaces and multiple points of access. The building is in shell condition, giving an owner-user room to plan its interior around the operation. B-2 zoning and the site’s layout make this a property to examine for restaurant, retail, office, or service occupancy, with land for a drive-thru or outdoor seating. Those choices give a buyer more than a building footprint to consider.

The property sits at a four-way signalized intersection of Coliseum Boulevard and Federal Drive. Traffic counts are ±9,589 AADT on Coliseum Boulevard and ±11,021 AADT on Federal Drive, putting the corner in view of traffic on both roads. Walmart Neighborhood Market is adjacent, and the surrounding retail corridor includes other businesses. I-85, downtown Montgomery, and Gunter AFB are minutes away, connecting the site to destinations beyond the immediate corner.

The asking price is $949,000, or $263.32 PSF, with land pricing of $612,258.06 per acre. For a buyer focused on its own operation, the distinction is the combination of a freestanding building, parking, access, and land at a signalized retail corner. For an investor, the shell condition leaves the next occupancy plan central to the purchase decision.