Description

1402 & 1408 Madison Avenue is a retail property for sale at 1402 Madison Avenue in Montgomery, AL 36107. Its 8,000 SF of gross leasable area and Madison Avenue traffic count of 15,210 AADT put visibility at the center of the ownership opportunity.

Built in 1925, the property includes on-site parking for 8 vehicles, a fenced yard and additional downstairs storage space. A new roof was installed in 2023. The left side is built out as a hookah lounge with a downstairs stage, giving a buyer an existing interior layout to examine alongside the broader retail space. The 0.23-acre site is zoned B-2 Business District; its parking and storage areas add practical space beyond the storefront.

On a main thoroughfare in Downtown Montgomery’s CBD, the property is close to the Alabama State Capitol, EJI, Biscuits Stadium and Old Alabama Town, as well as restaurants, hotels and attractions. The I-65 and I-85 interchange is + 2.6 miles away, and Maxwell Air Force Base is + 4.2 miles away. That setting pairs Madison Avenue frontage with access to downtown destinations and a regional road connection.

The asking price is $399,000, or $49.88 PSF. For an investor or owner-user, the decision centers on how the existing lounge buildout, storefront space, parking and downstairs storage serve the intended operation. The property has previously housed office space, a hobby shop and a retail storefront, offering examples of how its space has been occupied without presuming a future use. Review the Offering Materials for a closer look at 1402 & 1408 Madison Avenue.