1951 Bell Street - 1951 Bell St, Montgomery, AL 36104

Maxwell Vehicle Storage & Warehouse is a mixed-use property located on 4.5 acres only 2 miles from downtown Montgomery, Alabama. The property consists of 131 self-storage units built in 2006, 50 outdoor parking spaces, eight warehouse units, a restaurant, a retail space currently occupied by a barber shop, an apartment (on the second floor), and a barn. The facility is located on Bell Street directly across from Maxwell Air Force Base and a 3 minutes drive to Montgomery Biscuits Stadium in the Riverwalk area of downtown Montgomery. Storage units range from 50 to 350 square feet and warehouses are 3,000 to 6,000 square feet.
1951 Bell Street – Warehouse bldg., that includes office, barbershop, the apartment, indoor parking, storage and barn
1961 Bell Street – Warehouse bldg., that Includes restaurant and indoor parking / storage
1973 Bell Street – 3 self storage buildings, 131 units. Currently 128 units as 3 were merged to make larger sizes
Amenities at the property include but are not limited to, drive-up self storage, perimeter fencing with keypad entry, digital video surveillance, and a rental office. Recent improvements include paving of the front parking lot and painting warehouse building (1951).
Montgomery is the capital of Alabama and is the county seat of Montgomery County. With a population of 201,332, Montgomery is the second-largest city in Alabama, after Birmingham. The Montgomery Metropolitan Statistical Area had a 2010 estimated population of 374,536.
Listed for $1,500,000, or $26.36 per square foot, this property presents a tremendous opportunity for an investor to acquire a diversified property well below replacement cost. The list price would generate a healthy 9.23% CAP rate based trailing six month’s rent revenue from the storage and warehousing. Depending on type of financing, cash on cash return is upward of 20%. In addition, this property offers a tremendous upside potential for new owner to increase profit margin well over double digits. It’s a MUST- SEE!