Description

72 Dexter Avenue is a retail property for sale in downtown Montgomery, Alabama, comprising 12,412 SF across four separate structures. The combination of a leased restaurant building and vacant buildings gives a buyer an existing rent stream alongside space to position for future occupants.

The buildings range in gross leasable area from 2,352 SF for Building 1 to 3,972 SF for Building 3, with Building 2 at 2,484 SF and Building 4 at 3,604 SF. Cuco’s Mexican Cafe occupies Building 1; the other three buildings are vacant. Building records identify the improvements as two-story structures. For a retail investor or owner-user, the separate buildings allow each occupancy decision to be considered on its own terms rather than as a single retail floor.

Along Dexter Avenue, the Property is approximately 0.3 miles from the Alabama State Capitol. Montgomery’s Riverfront, Riverwalk Stadium, Montgomery Performing Arts Centre, Equal Justice Initiative offices, government offices, restaurants, and entertainment are also walkable. That setting places the buildings near civic destinations and visitor activity while keeping the acquisition focused on a defined downtown address. Buyers considering the vacant buildings can weigh those nearby destinations against their plans for each space.

The asking price is $650,000, or $52.37 PSF; the property is also priced at $2,166,666.67 per acre. Cuco’s produces $33,600 in annual in-place rent, with lease increases and an expiration date of November 30, 2033. The 0.3-acre property carries T5 zoning. Together, the restaurant lease and three vacant buildings give an investor an income component and separate spaces to lease, while giving an owner-user a way to consider its own space needs within the acquisition.