532 Clay Street

532 Clay Street is a retail property for sale at 532 Clay Street in Montgomery, AL 36104. Its 4,255 SF of gross leasable area and 1890 construction give buyers an established building with a scale suited to a focused retail or hospitality operation.

Formerly the Goat Haus Bier Garten restaurant, the Property has architectural details that give its interior a distinctive character. The 0.22 acres provide a defined site for the building, while T4-R zoning allows retail and restaurant use. For an operator, the former restaurant identity offers a starting point for thinking through a new concept. For an investor, the building’s history and existing income put the discussion on both the physical asset and its present operation.

The downtown Montgomery setting places the Property near a concentration of hotel rooms, with 1,000 + rooms downtown and 600 within 3 blocks. That proximity matters for a restaurant or event-oriented operator seeking exposure beyond a local customer base. The Property is approximately 1.1 miles from the I-85/I-65 interchange and approximately 1.7 miles from Maxwell Air Force Base, giving buyers concrete reference points for access and nearby activity.

The asking price is $465,000, or $109.28 PSF. The Property has annual income of $34,500, a figure investors can weigh alongside the building’s retail and restaurant positioning. Buyers pursuing an operating location can focus on the existing building and its downtown setting; income-oriented buyers can examine how the current tenancy fits their plans.